----- Other comprehensive income includes income items that bypass the income statement.

---------------------------- When a pension plan is amended to recognize previous service of currently employed employees, what component of pension expense is created?

Transition cost

Past cost

Amendment cost

Prior service cost

----------- On January 1, 2017, Smart Corporation issues 12, 000 shares of $ 1 par restricted stock to a key executive. The market value of unrestricted shares of the same stock on the date of issue is $ 25 and there is a four year vesting period. On January 1, 2018, the executive leaves and forfeits the restricted stock award. The journal entry to record the forfeiture includes which of the following?

---- For both finance and operating leases, if the residual value is guaranteed by a third party or is unguaranteed, then the residual value does not impact the lessee's accounting treatment.