Question
1-) For a defined benefit plan: Group of answer choices The employee bears the risk of market fluctuations in plan assets. The employer bears the
1-) For a defined benefit plan:
Group of answer choices
The employee bears the risk of market fluctuations in plan assets.
The employer bears the risk of market fluctuations in plan assets.
The trustee bears the risk.
The pension plan administrator.
2-)
Financial Statements prepared on a modified cash basis of accounting would contain items measured on which, if either, of the following bases?
Cash Basis | Accrual Basis |
Group of answer choices
Yes | Yes |
Yes | No |
No | Yes |
No | No |
3-)
Assume a private firm elects to adopt the PCC alternative when accounting for intangible assets acquired in a business combination. If the customer names and noncompete agreements are nonseparable, can they be included as part of goodwill?
Customer Names | Noncompetition Agreement |
Group of answer choices
Yes | No |
No | No |
No | Yes |
Yes | Yes |
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