Which of the following is not a factor in the determination of pension expense when the employer sponsors a defined benefit pension plan?
A. The rate of return on the pension fund investment.
B. The rate that salaries will increase until retirement.
C. The amount of retirement benefits that will vest.
D. The amount of funding during a particular period.
Answer: D
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Which of the following is the best example of a Type I subsequent event?
a. A related-party transaction occurs during the course of the audit. b. The company defaults on its line-of-credit with the bank subsequent to year end but previous to the release of the audit opinion. c. Litigation that was accrued as a liability in the year under audit is settled subsequent to year-end for an amount in excess of estimates. d. The company initiates an initial public offering subsequent to year-end.
Which of the following do employers use to make payroll account withdrawals and then direct deposit the funds into the employees’ accounts?
a. point-of-sale systems b. ATMs c. ACHs d. EFTs e. automated electronic teller system
It looks ________ the play has already started
a. like b. as if
What are four different methods by which an importer can pay an exporter? List them in increasing order of risk to the exporter
What will be an ideal response?