Deposits of Social Security and Medicare taxes may be made on Form 8109
Indicate whether the statement is true or false
T
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Anthony, a human resource executive for Beta Equipment, is preparing a recommendation to the company's executives that the company develop a program of succession planning. The company has been growing rapidly, so he anticipates some resistance to the time required for careful planning. Which statement would best support Anthony's idea for succession planning?
A. Succession planning will be needed only temporarily, because the workforce has been aging. B. Succession planning forces Beta Equipment's managers to conduct performance appraisals of all employees. C. Beta Equipment is able to grow in spite of having fewer middle managers than it did 30 years ago. D. Succession planning enables Beta Equipment to promote managers whether or not they are ready. E. Succession planning ensures that Beta Equipment is ready with candidates if a key position becomes vacant.
An impairment loss must be recognized when
A) an asset's book value is lower than its fair value. B) an asset's book value is higher than its fair value C) the present value of the asset's future cash flows is lower than the asset's fair value. D) the present value of the asset's future cash flows is higher than the asset's fair value.
Which of the following would not be a component of pension expense?
A) prior service cost amortization B) interest cost C) deferred compensation D) return on assets
Jim was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting a thorough investigation, he went and gave all the details to a local newspaper agency. The next day Jim read his own story, with his own name, in the newspaper. Which of the following is correct?
a. The company did the right thing by publishing Jim's identity in the newspaper because it punished him for stealing as well as served a warning to his neighbors who might also be at the risk of being defrauded. b. The company should not have put Jim's name and story in the paper because when other employees will come to know about it, they might leave the organization. c. Jim may have been misrepresented in the story by the newspaper agency and the company might face legal consequences. d. Publishing the story in the newspaper was a wrong thing to do because Jim's family will be embarrassed.