All but which one of the following are generally guaranteed to a golden parachute holder?
(a) immediate vesting of any stock option
(b) continuation of pay for usually one to five years
(c) the minimum level of income to be received over the term of the contract
(d) payment of taxes incurred as a result of the golden parachute contract taking effect
d
Business
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The financial statement presentation of a change in reporting entity is most similar to the reporting of a:
A. A change in accounting principle. B. Change in accounting estimate. C. Discontinued business operation. D. Correction of a material error discovered after the year the error was made.
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