The realizable value audit objective is not applicable when auditing prepaid insurance or insurance expense

Regarding sales force compensation methods:

A. combination plans provide some security and some incentive. B. straight commission avoids the need to consider a sales quota. C. straight salary provides the most incentive. D. sales quotas play no role in any of the methods. E. All of the above.

Reggie has two children. He is wanting to put money away for their college education. What type of plan can only be used for college and graduate school, and allows contributions of up to $250,000?

A) 403(b) B) ESOP C) 529 D) 12b-4