Case 3

Riley Company promises to pay Janet Anderson or her estate $150,000 per year for the next 10 years,

even if she leaves the company or passes away to try to induce her to stay with the company. Riley

Company wants to properly record this transaction as deferred compensation, but is unsure how to record

the cost. In addition, Riley Company purchased a whole life insurance policy for Janet, naming the

company as the beneficiary. Reed Company wants to determine if it can offset the cash surrender value

of the life insurance policy against the deferred compensation liability.

Week 2 summarize the background of your case and indicate any assumptions that you are making regarding the case. Define your problem statement and research question(s).

Week 3 identify the key terms in your case, and state why you believe each is relevant to your case.

Week 4Gather data from multiple sources and present that data in one to two pages Document your sources.

Week 5 Organize and interpret the findings of your research in one to two pages.