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Problem 1: Eugene has worked at ABC Corp. for 10 years. He is a member of the employer pension plan and is now 100% vested. When offered a new and challenging position at XYZ Corp., what are Eugene's options for the funds in the vested pension plan?
a) transfer all contributions to his Registered Retirement Savings Plan (RRSP)b) transfer only his contributions to his Registered Retirement Savings Plan (RRSP)c) transfer all contributions to a Locked-In Retirement Account (LIRA) or Locked-in RRSP (LRSP)d) transfer all contributions to his spousal Registered Retirement Savings Plan (RRSP)
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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