Changes in benefit plans are under "serious consideration" when:
a. top managers meet to discuss implementation of a specific plan
b. the employer has firmly committed to offering the revised benefit plan
c. information has been gathered regarding alternative plan options
d. all of the above
e. none of the above
A
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Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $1,000 and he has a $10,000 debt basis associated with a $10,000 loan he made to the S corporation. In 2019, Jamaal's share of S corporation income is $4,000, and he received a $7,000 distribution from the S corporation. What is Jamaal's stock and debt basis after these transactions?
A. $0 stock basis; $8,000 debt basis. B. $0 stock basis; $10,000 debt basis. C. $5,000 stock basis; $3,000 debt basis. D. $5,000 stock basis; $10,000 debt basis. E. None of the choices are correct.
Complete information asks if there is a value missing from the information.
Answer the following statement true (T) or false (F)
Today women comprise what percentage of the U. S. military?
a. 11.5% b. 2% c. 16% d. 22%
Convert $78 U.S. @ 95.1272 per dollar to Japanese yen. Round your answer to the nearest tenth
a. 74.2 yen b. 7,491.9 yen c. 7,420.0 yen d. 7,419.9 yen