Which of the following is/are true concerning pension plans?
a. The plan administrator serves in a fiduciary capacity for the benefit of employees.
b. The employer cannot access assets in the pension plan except under specific conditions that vary, as a matter of pension law, by jurisdiction.
c. The employer does not consolidate the assets and liabilities of the pension plan with its own assets and liabilities.
d. The total amount of cash that the employer contributes to the pension plan over time is the total amount of pension expense that the employer must recognize in measuring net income.
e. all of the above
E
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a. True b. False Indicate whether the statement is true or false
In a manager-managed LLC (limited liability company), it is necessary that the manager is a member of that LLC
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Bonds are an extremely common method of short-term organizational financing. 2. Bonds are a common method of long-term organizational financing. 3. Selling stock is a good method of creating needed funds because the shareholders never have to be repaid, there is no legal obligation to pay dividends, and it can help the balance sheet. 4. The dividends on preferred stock are often a fixed percentage of par value 5. The dividends on preferred stock often vary, depending upon the current market value.
Joanne Spitz gives a landlord $100 to hold an apartment for a day while the landlord has a written lease prepared overnight containing a rental clause for $800 per month
The next day on the way to sign the lease, she sees another apartment much cheaper that she wants, and wants to cancel the first deal. Which of the following statements is true bout the $100 payment? A) It is a down payment and the landlord can only claim any actual loss. B) It is a down payment and is lost on cancellation by Joanne C) It is a deposit and is lost on cancellation by Joanne D) It is a deposit and must be given back to Joanne on cancellation. E) It is a deposit but the landlord can only keep it if he has actual loss because of the cancellation.