The pension plan administrators should disclose the relevant financial information to:
a. the federal appellate court.
b. employers and the bargaining representatives.
c. employees and the government.
d. third party arbitrator and the employer.
c
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If a cross-elasticity with respect to price is positive then:
A) a product's sales increase when another product's price drops. B) a product's sales decline when another product's price drops. C) a product's sales decline when another product's price increases. D) a product's sales are independent of another product's price.
Which of the following approaches can be used to introduce unpredictability into the audit?
a. Assessing high risk accounts. b. Performing procedures on an unannounced basis. c. Performing the audit in the same location each year. d. Selecting items that would normally be tested.
Which of the following statements is true?
a. Most financial statement frauds occur in large historically profitable companies. b. Most people who commit management fraud are first-time offenders. c. An active board of directors or audit committee does little to deter fraud. d. Perpetrating fraud is much easier in an organization with democratic leadership, where the decision making is spread among several individuals.
The following information is available from Carron Company's 2014 accounting records: Purchases ............................................ $530,000 Purchase discounts ................................... 10,000 Beginning inventory .................................. 160,000 Ending inventory ..................................... 215,000 Freight-out .......................................... 40,000
Carron's 2014 cost of goods sold is a. $465,000. b. $475,000. c. $505,000. d. $585,000.