Which of the following assists a purchaser in attacking the validity of an exemption clause in a contract?
A) Interpretation
B) Parol evidence
C) Fundamental breach
D) Misrepresentation
E) All of the above
E
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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019.
The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the balance of the projected benefit obligation as of December 31, 2019? A. $2,575,000 B. $5,599,000 C. $2,090,000 D. $4,895,000
The FASB's conceptual framework defines a(n) _____ as a probable future sacrifice of economic resources arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events
a. asset b. liability c. equity d. revenue e. expense
The least squares criterion is _____.
a. min ?(yi – i) b. min ?(yi – i)2 c. min ?(xi – yi)2 d. min ?(yi – i)2
Stan doesn't like having neighborhood teenagers walk across his yard at night. He rigs an animal trap on the path the teenagers usually use to cross his land. One night, Tim and his friends are walking across the yard when Tim gets caught in the trap. He is taken to the hospital for his injuries. Stan:
a. has the right to strongly discourage anyone from trespassing, and Tim was a trespasser. b. has no duty toward Tim. c. is not free to inflict intentional injury on a trespasser. d. All of these.