Which of the following is/are not true?
a. An employer must recognize changes in the funded status of a defined benefit retirement plan on its balance sheet each period.
b. U.S. GAAP and IFRS require the employer to recognize changes in the funded status of a defined benefit retirement plan immediately in net income.
c. Changes in the net funded status of a defined benefit retirement plan because investment performance differs from expectations, or because of changes in actuarial assumptions, or in the retirement benefit formula, initially affect other comprehensive income.
d. Firms amortize the amounts in Other Comprehensive Income over the expected period of benefit as an adjustment to retirement plan cost.
e. all of the above
B
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Cash investments made by stockholders in exchange for capital stock in a business are reported on the statement of cash flows in the:
A) financing activities section. B) investing activities section. C) operating activities section. D) supplemental section.
A court may award compensatory damages. Those are damages that:
a. compensate the injured party for all medical expenses and lost wages only b. the defendant anticipated in advance would cover plaintiff's medical expenses c. place the injured party in the economic position she was in before the injury d. can be implied from an injury e. none of the other choices
The concept that describes the merger of previously distinct telephony and information technologies and markets is called ___________
A. unification B. outsourcing C. merger D. convergence
If the Durbin-Watson statistic, d, has values greater than 2, this indicates
a. a positive first-order autocorrelation b. a negative first-order autocorrelation c. no first-order autocorrelation at all d. None of these choices.