Which of the following is NOT a provision of the Employee Retirement Income Security Act?
A) vesting rights
B) fiduciary responsibilities
C) employer matching contributions
D) reporting and disclosure duties
Answer: C
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On January 1, 2018, the Regal Company purchased 30% of the outstanding voting stock of the Air Corporation for $300,000; the book value of Air's net assets at the date of purchase was $900,000. Regal was willing to pay more than the book value of the acquired shares because Air's depreciable assets with a ten-year remaining life were undervalued. Regal uses straight-line depreciation. During 2018, Air reported net income of $75,000 and paid dividends of $30,000.The income reported by Regal during 2018 pertaining to the Air investment was
A. $19,500 B. $31,500 C. $22,500 D. $ 9,000
Under the RUPA, a partner in a term partnership who wrongfully dissociates before the end of a definite term cannot receive payment of a portion of the buyout price before the expiration of the term
a. True b. False Indicate whether the statement is true or false
Based on research cited in the textbook, 31 percent of software projects were canceled before completion and cost an average of 189 percent of their original estimates in more than half the projects
Indicate whether the statement is true or false
Which of the following is currently a requirement for a stock to be listed on the NYSE?
A) A price of at least $10 per share. B) Three consecutive years of profitable operations. C) Gross revenue of at least $15,000,000. D) Total value of shares available for public trading (float) of $15,000,000.