Answer the following statement(s) true (T) or false (F)
1. Few government securities are tax-free.
2. Government securities are a good vehicle for tax deferment or tax exemption.
3. Share values generally decline in a bull market.
4. Institutional investors usually purchase stocks in round lots rather than odd lots.
5. The Federal Reserve Board sets the margin requirement.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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Swan Company has provided you with the following data pertaining to its pension plan for the year ended December 31, 2018: The 2018 service cost was $175,500. The projected benefit obligation as of January 1, 2018 was $1,950,000. Plan assets as of January 1, 2018 totaled $2,020,000. The actual return on plan assets during 2018 was 10%. Amortization of prior service costs during 2018 was $9,750. The expected return on plan assets was 8%. The pension plan funding during 2018 totaled $170,000. The discount rate was 8%. Required:Prepare the journal entry to record pension expense for the year ended December 31,2018.
What will be an ideal response?
Standard editing and proofreading symbols are more numerous and complex than _______________
a. those used in foreign languages b. professional-level symbols c. the writing we produce d. most of us need
The U.S. Constitution has one indirect and three direct sources of law
Indicate whether the statement is true or false
Which of the following transactions or events should be reported as a source of cash from operating activities when using the direct method?
A. Cash received from the sale of treasury stock. B. Depreciation expense. C. Cash received from the sale of a building. D. Credit sales. E. Cash collections from customers.