-====== Normally dilutive securities will become antidilutive if income from continuing operations is a net loss. true or false

==Bonds that do not pay cash interest are referred to as zero-coupon bonds. true or false

===Which of the following is not a key element of pension expense under a defined - benefit pension plan?

Expected return on plant assets--------Amortization of future benefit obligation------Service cost------Interest on project benefit obligation.

=====Under a defined-benefit plan, the contribution is fixed but benefits can vary. True and false

====Under the Tax Cuts and Jobs Act of 2017, a company may carry back a tax loss for ________ years and carry forward a tax loss for ________ years. Prior to the the Tax Cuts and Jobs Act of2017, a company could carry back a tax loss for ________ years and carry forward a tax loss for ________ years

====Nace Manufacturing Company leased a piece of nonspecialized equipment for use in its operations from Righteous Leasing on January 1, 2019. The 10 year lease requires lease payments of $ 7,000, beginning on January 1, 2019, and at each December 31 thereafter through 2027. The equipment is estimated to have a 10 year life, is depreciated on the straight-line basis and will have no residual value at the end of the lease term. Nace's incremental borrowing rate is 9%. Initial direct costs of $ 1,100 are incurred by the lessee on January 1, 2019. Righteous Leasing acquired the asset just prior to the lease term at a cost of $ 50,021. Collection of all lease payments is reasonably assured. What is the reduction in the lease liability recorded with the first and second lease payments, respectively?