Which act covers private-sector employees over age 21 enrolled in noncontributory (100 percent employer-paid) retirement plans who have one year's service?

A. COBRA
B. HIPAA
C. ADA
D. ERISA


Answer: D

Business

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The adjusted trial balance is used in the preparation of the statement of cash flows because it contains the balance sheet, income statement, and retained earnings statements for the current period

Indicate whether the statement is true or false

Business

A seller cannot accept a buyer's offer by simply promising to ship the goods or by shipping the goods.

Answer the following statement true (T) or false (F)

Business

A Trojan horse

a. burrows into a computer's memory and replicates itself into areas of idle memory b. is a destructive program triggered by some predetermined event c. allows unauthorized access to a system without going through normal log on procedures d. captures IDs and passwords from unsuspecting users

Business

Under an operating lease, the lessee

a. debits Capital Lease Equipment. b. debits Rent Expense. c. records depreciation on the leased asset. d. credits Capital Lease Obligations.

Business