The total amount of cash that the employer contributes to the firm's pension plan over time is the total amount of pension expense that the employer must recognize in measuring net income
Indicate whether the statement is true or false
F
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An innovative change involves ______ complexity, cost, and uncertainty.
A. no B. minimum C. hidden D. moderate E. extreme
Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. On July 1, 20X7, Pluto Corporation purchased $120,000 face value of Saturn bonds from Star. The bonds pay 12 percent interest annually on December 31. The preparation of consolidated financial statements for Saturn and Pluto at December 31, 20X9, required the following consolidation entry: Bonds Payable 120,000 Premium on Bonds Payable 2,520 Interest Income 14,760 Investment in Saturn Corporation Bonds 118,920 Interest Expense 13,560 Investment in Saturn Corporation Stock 3,120 NCI in NA of Saturn Corp. 1,680 Based on the information given above, what amount did Pluto pay when it purchased the bonds on July 1,
20X7? A. $118,620 B. $117,220 C. $118,920 D. $118,020
According to the text, while there is no single, optimal number, traditional guidelines suggest that there should be between one and four categories when using itemized rating scales
Indicate whether the statement is true or false
For a capital lease, the amount recorded initially by the lessee as a liability should
a. exceed the present value at the beginning of the lease term of minimum lease payments during the lease term. b. exceed the total of the minimum lease payments during the lease term. c. not exceed the fair value of the leased property at the inception of the lease. d. equal the total of the minimum lease payments during the lease term.