The increase side of all accounts is the normal balance
Indicate whether the statement is true or false
True
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A major difference between accounting for pension plans and accounting for other postretirement benefit plans is that:
A. postretirement benefit plans other than pensions do not create a liability to be shown on the plan sponsor's balance sheet. B. postretirement benefit plans other than pensions are not required to be funded. C. there is no accumulated postretirement benefit obligation for other postretirement plans other than pensions D. postretirement benefit plans other than pensions do not deduct the return on plan assets when funded.
A pay structure specifically designed to energize, direct, or control employees' behavior is known as
A. wage. B. monthly salary. C. incentive pay. D. fixed pay. E. annual salary.
An ambiguity in a contract may constitute a mutual mistake of a material fact.
Answer the following statement true (T) or false (F)
When units are purchased at different costs over time, determining the cost per unit assigned to inventory items is simple.
Answer the following statement true (T) or false (F)