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NEW QUESTION: 1
Andrew Carson is an equity analyst employed at Lee, Vincent, and Associates, an investment research firm. In a conversation with his supervisor, Daniel Lau, Carson makes the following two statements about defined contribution plans.
Statement I: Employers often face onerous disclosure requirements.
Statement 2: Employers often bear all the investment risk.
Carson is responsible for following Samilski Enterprises (Samilski), a publicly traded firm that produces motorcycles and other mechanical parts. It operates exclusively in the United States. At the end of its 2009 fiscal year, Samilski's employee pension plan had a projected benefit obligation (PBO) of $320 million.
Also, unrecognized prior service costs were $35 million, the fair value of plan assets was $316 million, and the unrecognized actuarial gain was $21 million.
Carson believes the rate of compensation increase will be 5% as opposed to 4% in the previous year, and the discount rate will be 7% as opposed to 8% in the previous year.
This past year, Samilski began using special purpose entities (SPEs) for various reasons. In preparation for analyzing the SPE disclosures in the footnotes to the financial statements, Carson prepares a memo on SPEs. In the memo, he correctly concludes that the company will be required under new accounting rules to classify them as variable interest entities (VIE) and consolidate the entities on the balance sheet rather than report them using the equity method as in the past.
Under current U.S. GAAP pension accounting standards, the amount of the pension asset or liability that Samilski should report on its 2009 fiscal year end balance sheet is closes/ to a:
A. $14 million liability
B. $10 million liabilily
C. $4 million liability
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Under current U.S. GAAP pension accounting rules, which apply 10 firms with fiscal year ends after December 2006, Samilski will report the funded status of the plan on its balance sheet.
funded status = fair market value of plan assets less PBO
= $316 milli on less $320 million
= $4 million underfunded
Therefore. Samilski will report a $4 million liability on its balance sheet.
(Study Session 6, LOS 22.b)
NEW QUESTION: 2
Which two options are the best reasons to use an ipv4 private ip space?
A. to conserve global address space
B. to connect applications
C. to manage routing overhead
D. to implement nat
E. to enable intra-enterprise communication
Answer: A,E
NEW QUESTION: 3
どのサードパーティ製ツールがトラブルシューティングを支援するのに適していますか?
A. dot1qトランク
B. VLAN
C. DART
D. Wireshark
Answer: D
NEW QUESTION: 4
In nearly all human populations, a majority of individuals can taste the artificially synthesized chemical phenylthiocarbonide (PTC). However, the percentage varies dramatically - from as low as sixty percent in India to as high as ninety-five percent in AfricA. That this polymorphism is observed in non-human primates as well indicates a long evolutionary history which, although obviously not acting on PTC, might reflect evolutionary selection for taste discrimination of other, more significant bitter substances, such as certain toxic plants. A somewhat more puzzling human polymorphism is the genetic variability in earwax, or cerumen, which is observed in two varieties. Among European populations, ninety percent of individuals have a sticky yellow variety rather than a dry, gray one, whereas in northern China these numbers are approximately the reverse. Perhaps like PTC variability, cerumen variability is an incidental expression of something more adaptively significant. Indeed, the observed relationship between cerumen and odorous bodily secretions, to which non-human primates and, to a lesser extent humans, pay attention suggests that during the course of human evolution genes affecting body secretions, including cerumen, came under selective influence.
Which of the following best summarizes the main idea of the passage?
A. Polymorphism among human populations varies considerably from region to region throughout the world.
B. Sensitivity to taste and to odors has been subject to far greater natural selectivity during the evolution of primates than previously thought.
C. Artificially synthesized chemicals might eventually alter the course of evolution by desensitizing humans to certain tastes and odors.
D. Some human polymorphisms might be explained as vestigial evidence of evolutionary adaptations that still serve vital purposes in other primates.
E. The human senses of taste and smell have evolved considerably over the course of evolutionary history.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
In the first paragraph, the author's main concern is to point out that the variability among human populations regarding sensitivity to PTC might be a trace of the evolutionary process of natural selectivity.
In the second paragraph, the author offers a similar suggestion about variability in earwax type. To support these assertions, the author infers that both characteristics still serve useful purposes among non- primates, from whom humans presumably evolved. This inference is especially clear with respect to identifying bitter substances that might be toxic. Choice D accurately reflects the author's main assertion and supporting evidence