The majority of defined benefit plans calculate average earnings over the last ________ years of service for a prospective retiree.
A. 3 to 5
B. 7 to 9
C. 6 to 8
D. 2 to 4
Answer: A
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When an appropriation of retained earnings is made, total retained earnings is decreased
a. True b. False Indicate whether the statement is true or false
When eliminating filters and biases to understand what a speaker is saying requires what type of listening skill?
A) Content B) Critical C) Empathic D) Active E) Effective
Which statement is false?
A) Salaries expense + Decrease in salaries payable = Cash payments to employees. B) Other revenues + Increase in unearned revenues ? Gains on disposal of assets ? Equity investment income = Other operating cash receipts. C) Sales revenue ? Increase in accounts receivable = Cash collections from customers. D) Other expenses + Decrease in prepaid expenses ? Depreciation expense + Losses on disposal of assets ? Equity investment loss = Other operating cash payments.
Cost of goods sold is considered an expense of a merchandising business
Indicate whether the statement is true or false