Service cost is the increase in the discounted present value of the pension benefits ultimately payable that is attributable to an additional year's employment.
Answer the following statement true (T) or false (F)
True
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Times interest earned ratio
a. Total liabilities b. Total stockholders' equity c. Net income d. Interest expense e. Income tax expense f. Cash flow from operations before interest and tax payments g. Cash paid for acquisitions h. Cash flow from operations
Benjamin has the following capital gains and losses for the current year: Long-term capital loss$(13,000) Long-term capital gain6,000 Short-term capital loss(10,000) Short-term capital gain12,000 What is Benjamin's net capital gain or loss for the year?
A. A net long-term capital loss of $7,000 B. A net short-term capital gain of $2,000 C. A net long-term capital loss of $5,000 D. A net short-term capital gain of $1,000 E. A net long-term capital loss of $3,000
The basic parts of a _________________ are core values + core purpose.
a. mission statement b. strategic plan c. core ideology d. values statement
Joel is displeased with his son's lifestyle choices and, instead of dividing his estate, Joel wants to leave all of his property to his daughter, Marie, when he dies. Joel may A) not leave everything to his daughter and nothing to his son. If Joel tries to do this, his son can take a forced share of his father's estate
B) disinherit his son, but he must indicate in the will his reason for doing so. C) disinherit his son for any reason as long as Joel indicates in the will that the son was omitted on purpose. D) disinherit his son only if Joel leaves the son a nominal amount, such as $1.