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Which of the following statements concerning profit-sharing plans is correct?
I. Deductible contributions up to 25 percent of covered compensation are allowed.
II. They can be designed to allow participants withdrawal flexibility.
III. They can only be funded if the employer has profits.
A. I only
B. II only
C. III only
D. I and II only
E. I, II, and III
Simon, a second-year business student at the University of Toronto, will graduate in two years with an accounting major and a Spanish minor. Find n on-quantitative factors might Simon consider? What would you do if you were faced with these alternat..
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The Rufus Corporarion has 125 million shares outstanding and analyst expect Rufus to have earnings of $500 million this year. What is the value of a share of Rufus stock?
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On January 1, 2010, Doone corporation acquired 60 percent of outstanding voting stock of Rockne company for 300,000 consideration. Make Doone's 2011 consolidated entries required by intra entity inventory transfers?
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