Under the fault rule:
A) If the prospective groom breaks off the engagement, the prospective bride gets to keep the engagement ring.
B) If the prospective bride breaks off the engagement, the prospective groom gets the engagement ring back.
C) Both of the above.
D) None of the above.
C
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The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
a. do not need to report an excess of the accumulated benefits obligations over assets in a postretirement benefits fund as a liability on the balance sheet. b. do not need to disclose any estimates used in calculating projected benefits. c. postretirement benefits are normally not material for most companies and do not need to be disclosed. d. do not need to set aside funds for future postretirement benefits as they do for pension benefits.
The most widely used depreciation method is
A) straight-line B) sum-of-the-years-digits C) declining-balance D) units-of-production
A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the first floor?
A. $4,000. B. $5,000. C. $3,000. D. $2,000. E. $8,000.
Preemptive rights are shareholders' rights to purchase a proportionate part of a new issue of stock
Indicate whether the statement is true or false