The most common length of an executive summary is:
a. one page
b. one and a half pages
c. two pages
d. none of the above
a
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To improve usefulness of defined pension plans, GAAP requires disclosure of reconciliations of the beginning and ending amounts of the projected benefit obligation, including the amounts of the service cost, interest cost, actuarial gains and losses, benefits paid, and plan amendments
Indicate whether the statement is true or false
If a corporation grants a stock option to an employee on July 1, 2010, that allows the employee to purchase stock at a price substantially below the stock's fair value at July 1, 2010, an element of compensation expense should be recorded on the corporation's books
Indicate whether the statement is true or false
Explain why managers might want to build slack into a budget
Olympics Inc knows that Ray-Duke Construction is on the edge of possible bankruptcy and desperately needs money to meet its payroll next week. Olympics owes Ray-Duke $100,000 for construction work
Olympics says to Ray-Duke, Take $50,000 in full settlement or sue us. It will be two years before you get a judgement in court." Ray-Duke accepts because it can't wait two years. What remedy, if any, does Ray-Duke have to get the other half of the money from Olympics? A) Misrepresentation. B) Undue influence C) Non est factum D) Economic duress E) Ray-Duke has no remedy.