Reference no: EM132972192

Problem 1: According to IFRS, the pension obligation should be based on

Select one:

a. all years of service-both vested and non-vested-using current salary levels.

b. only the vested benefits using current salary levels.

c. both vested and non-vested service using future salaries.

d. the equation as prescribed under the tax law.

e. all of these

Problem 2:  Dividends on cumulative preferred shares

Select one:

a. must be paid each year.

b. must be accumulated over the life of the shares and are to be paid only the retirement of the shares.

c. must be paid before dividends can be paid on common shares.

d. if in arrears, must be calculated like compound interest.

e. are to be added to net income when determining the diluted earnings per share.