Which of the following is an example of exempt securities?

A) stock dividends and stock splits
B) IPOs made by multinational corporations
C) securities that have been held by a single investor for longer than a year
D) securities worth $1 million or more


A

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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019.  The prior service cost amortization each year was $290,000.  The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019.  The actuarially determined discount rate and the expected return on plan assets was 10%.  The actual return on plan assets was 9.5%.  Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees.  What is the pension expense for the year ended December 31, 2018?

A. $1,380,000 B. $950,000 C. $1,240,000 D. $1,530,000

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What are pension liabilities?

a. Future liabilities resulting from pension commitments made by a corporation. b. Unreasonable relationships between interest expense and recorded liabilities. c. Liabilities that can be used to fraudulently misstate financial statements by underestimating the probability of occurrence. d. A fund that is established for the payment of retirement benefits by the insurance company.

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The ____________________________is a mechanism available in the Oracle system to provide a map to visualize both direct and indirect dependencies within the database.

Fill in the blank(s) with the appropriate word(s).

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What percentage of union contracts specify that employees can only be disciplined or discharged for just cause?

A. Under 10% B. Under 25% C. About 60% D. Over 90%

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