Long-term liabilities include all of the following. except for O A future Income taxes O B. lease liabilities o C. wage obligations. OD pension liabilities QUESTION 57 The distinction between senior and subordinated debt is associated with O A commercial bonds. B. collateral trust bonds. C. mortgage bonds. OD general debenture bonds. QUESTION 58 A pension plan that shares the risk for an underfunded plan between the employees and employer is knows O A Canada Pension Plan OB Target Benefit C. Defined Contribution O D. Defined Benefit _ plan QUESTION 59 Repurchasing shares A splits shares in hait. B. decreases the number of shares outstanding Cincreases the number of shares outstanding O has no effect on the number of shares outstanding QUESTION 60 Which of the following happens at the date of record of cash dividend? A Or. Dividends Declared. Or Cash B. The board of directors approves the dividend but no entry is made in the accounts No entry is made in the counts, but a list of shareholders entitled to receive the dividend is prepared D Or Dividends Declared, CA Dividends Payable