13. Which of the following is FALSE about some of the important * ?features in analyzing Liabilities A) Prohibitions on disbursements such as dividends. B) Dilutive conversion features O C) Terms of indebtedness D) None of the above 14. A pension plan is an agreement by the employer to provide pension benefits. Three entities are involved * in this agreement; they are A) Human Resource, Employee and Employer. 'B) Regulator, Pension Fund and Employee C) Pension Fund, Employee and Employer D) Employee, Regulator and Employee O Which of the following .15 * ?statements is FALSE A) Contingencies are potential claims against a company's resources due to 'future performance under contract B) Contingencies with potential additions to resources are classified as contingent assets O C) Vesting specifies the employee's right to pension benefits regardless of whether the employee remains with the company or not. D) To disclose a contingent liability (and loss) there must be at least a reasonable possibility of incurrence. Which of the following .16 * ?statements is FALSE A) Receivables are amounts due from others that arise from the sale of goods or services, or the loaning of money. B) Frank sold his goods to John but expects payment from John after one week. Frank should record this transaction under the Accounts receivable in the Income statement C) Receivables are reported at their net realizable value D) Total amount of receivables less an allowance for uncollectible accounts is the Net Realizable value of receivables. lgb The following are recorded as .17 * ;Intangible Assets EXCEPT A) Patents o B) Copyrights C) Appreciation D) Good will O