Which of the following is not a true statement regarding SFAS No. 35?
a. It established accounting standards for the measurement and reporting of plan assets and plan obligation.
b. It was a landmark standard because it defined the pension plan as a new entity, separate, and distinct from the sponsoring company.
c. It defined plan obligations as accumulated benefits, both vested and unvested.
d. It required information about the sponsor’s obligations to be reported as a note in the sponsor’s financial statements.
ANSWER: D
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Deciding if a question is necessary or if several questions are needed rather than one are decisions involved with ________
A) determining the order of scales B) choosing question wording C) choosing question structure D) individual question content
In what industry stage would you position (a) light beer and (b) color television?
What will be an ideal response?
Dracor Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $280,000 with a 7-year life, no salvage value, and will be depreciated using straight-line depreciation. The expected annual income related to this equipment follows. Compute the (a) payback period and (b) accounting rate of return for this equipment.Sales?$900,000?Costs:???Manufacturing$545,000??Depreciation on machine40,000??Selling and administrative expenses249,000(834,000)?Income before taxes?66,000?Income tax (30%)? ( 19,800)?Net income?$ 46,200?
What will be an ideal response?
Which of the following would suffice for a signature on a writing under the statute of frauds?
a. A stamped signature b. A handwritten signature c. A name keyed at the bottom of an e-mail d. Any of the above would suffice. Judges define "signature" very broadly.