GAAP for pension plans requires companies with defined benefit pension plans to
A) recognize pension expense based on accrual-basis concepts.
B) recognize pension expense as an amount equal to the actual cash paid to retired employees for the current year.
C) recognize a pension liability based on the projected benefit obligation concept.
D) disclose annual pension cost in a footnote only; pension cost was not required to be reported on the income statement.
A
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A share option plan will be defined as compensatory if it has which one of the following characteristics?
A) The discount from market price for the stock option is greater than either what would be reasonable in an offer of stock to shareholders or others or the per-share amount of issuance costs avoided by not issuing the stock to the public. B) Employees have 31 days or less from the date the purchase price is set to decide whether or not to enroll in the plan. C) Almost all full-time employees are able to participate in the plan. D) The purchase price is based solely on the market price of the stock on the purchase date.
______ refers to the principle that your main points should be relatively equal in importance, whereas ______ refers to the idea that you should have supporting ideas that underlie your main points.
a. Subordination; coordination b. Coordination; subordination c. Equality; support d. Support; equality
An ethically wrong state or condition can still be legal
Indicate whether the statement is true or false
Which of the following is true for a corporation's incorporation in a state?
A) A corporation can incorporate in only one state. B) A corporation can incorporate in all states where it conducts business. C) Alien corporations can only incorporate in one state. D) Foreign corporations can incorporate in more than one state.