ACCT 312 Entire Course (Updated)
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Ongoing, First published Mar 16, 2017
ACCT 312 Entire Course (Updated)

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1. (TCO 1) A deferred tax asset represents a (Points : 6)
future income tax benefit.
future cash collection.
future tax refund.
future amount of money to be paid out.
 
Question 2.2. (TCO 2) Which of the following is not a requirement for a qualified pension plan? (Points : 6)
It cannot discriminate in favor of highly paid employees.
It must be funded in advance of retirement.
It must cover at least 80% of the employees.
Benefits must vest after a specified period of service, commonly 5 years.
 
Question 3.3. (TCO 3) Which of the following is not included among the assumptions needed to estimate postretirement healthcare benefits? (Points : 6)
Employee turnover
Expected retirement age of plan participants
Life expectancy of plan participants
Return on plan assets
 
Question 4.4. (TCO 4) A small stock dividend is defined as one that is (Points : 6)
less than or equal to 10%.
less than 25%.
less than or equal to 40%.
less than 40%.
 
Question 5.5. (TCO 5) The calculation of diluted earnings per share assumes that stock options were exercised and that the proceeds were used to (Points : 6)
buy common stock as an investment.
buy treasury stock.
retire preferred stock.
increase net income.


ACCT 312 Entire Course (Updated)

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