All of the following are requirements of a qualified pension plan except:
a. The plan must be in writing.
b. The plan cannot discriminate in favor of highly paid employees.
c. The plan must be for the exclusive benefit of the employees or their beneficiaries.
d. The plan must cover all employees who have worked for the company more than 18 months.
e. The plan must limit the amount of contributions that can be made to the plan and/or the benefits received from the plan.
d
You might also like to view...
Most financial statement analysis explores some aspect of a firm's
a. profitability, only. b. risk, only. c. value, only. d. profitability, or its risk, or both. e. employee turnover.
An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require a
A) debit to Bad Debt Expense for $5,200. B) debit to Bad Debts Expense for $4,000. C) debit to Bad Debts Expense for $2,800. D) credit to Allowance for Doubtful Accounts for $5,000.
In process layouts, the process facilities are shared by a wide variety of different products. Consequently, ______.
a. the relative positioning of the various departments is a compromise b. the relative positioning of the various departments is usually a perfect solution c. the relative positioning of the various departments is an expensive solution d. the relative positioning of the various departments is a quick solution
Which of the following is a phase in the SDLC?
A. Analysis. B. Design. C. Testing. D. All of the above.