Which of the following exposures is covered under a Commercial General Liability Policy with no endorsements?
A) liability arising out of seepage of pollutants
B) employment-related practices liability
C) personal injury liability
D) aircraft liability
Answer: C
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ACE has a defined benefit pension plan. ACE is preparing the December 31, 2015 financial statement disclosures related to the plan assets. It should disclose which of the following? I. Expected Return on Plan Assets II. Actual Return on Plan Assets ?
A) I B) II C) both I and II D) neither I nor II
If actual overhead incurred during a period exceeds applied overhead, the difference will be a debit balance in the Factory Overhead account at the end of the period.
Answer the following statement true (T) or false (F)
A promisee's consideration is effective only if given directly to the promisor by the promisee
a. True b. False Indicate whether the statement is true or false