To compute the amortization on the cumulative net actuarial gains and losses in AOCI for a pension plan, the corridor is computed as 10% of the:
A. higher of the beginning balances of the plan assets or the accumulated benefit obligation.
B. higher of the beginning market-related value of the plan assets or the projected benefit obligation.
C. lower of the beginning market-related value of the plan assets or the projected benefit obligation.
D. average of the beginning balances of the plan assets and the projected benefit obligation.
Answer: B
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Did the company purchase any intangible assets during the year?
a. Income statement b. Balance sheet c. Statement of cash flows d. Statement of retained earnings
Jodie's brother is a director at Trip Corporation. He calls her and says that Trip's earnings, not yet announced, will be up by 75 percent and that Jodie should buy Trip's common stock. Under these circumstances, Jodie:
A. cannot trade because she is the relative of an insider. B. can trade because she obtained public information from an insider. C. can trade because the information will eventually be made public. D. cannot trade because she is not an insider.
Answer the following statements true (T) or false (F)
1. Idealized influence focuses on the exchanges that occur between leaders and their followers. 2. Charismatic leadership transforms followers' self-concepts and tries to link the identity of the followers to the collective identity of the organization. 3. Criticisms of transformational leadership are that it is elitist and antidemocratic, and it suffers from heroic leadership bias. 4. Transactional leadership raises the level of motivation and morality in followers. 5. The contingent reward factor is more effective than the management-by-exception passive factor.
Plant assets not currently being used in business operations are classified as long-term investments.
Indicate whether the statement is true or false.