Which statement is correct regarding SIMPLE retirement plans?
A. This plan can only be adopted by employers with 50 or fewer employees.
B. Employer contributions must vest within three years.
C. SIMPLE plans are not subject to nondiscrimination rules.
D. Only the employer can contribute to the plan.
Answer: C
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Which financial statement is also called the statement of financial position?
A) The balance sheet B) The income statement C) The statement of cash flows D) The statement of shareholders' equity
What skills and knowledge do salespeople need to be effective strategic problem solvers?
What will be an ideal response?
Return on assets is often stated in ratio form as the amount of income divided by assets invested.
Answer the following statement true (T) or false (F)
Which of the following most accurately describes an annuity?
A) an investment which produces increasing cash flows over time B) a series of unequal cash payments made at equal time intervals C) a stream of equal cash payments made at equal time intervals D) a term that does not apply to mortgage payable or bond payable