The purpose of a 401(k) plan is to save for
A) unreimbursed medical expenses
B) college costs for dependent children
C) periods of unemployment
D) retirement
Ans: D) retirement
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Which account is always carried over from the unadjusted trial balance columns of a work sheet to the balance sheet columns of the work sheet without any adjustment?
a. Accumulated depreciation b. Depreciation expense c. Cash d. All of these are adjusted.
If convertible bonds are dilutive, the interest expense added back to the numerator in calculating diluted earnings per share is
a. net of tax, and includes discount and premium amortization. b. net of tax, but does not include discount and premium amortization. c. not net of tax, but includes discount and premium amortization. d. not net of tax, and does not include discount or premium amortization.