Answer:
The correct option is prior service cost
Explanation:
The component of pension expense that results from amending a pension plan to give recognition to previous service of currently enrolled employees is the amortization of PRIOR SERVICE COST.
Prior service cost is the cost associated with additional benefits that have been granted via an amendment to a pension plan. This cost applies to employee services rendered in prior periods.
The equipment is normal good.
A normal good, often known as a required good, refers to the degree of demand for the product in relation to wage growth or contraction rather than the quality of the good itself.
The link between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction. The amount by which the quantity desired for a good changes in response to a change in the income is measured as income elasticity of demand.
Therefore, the answer is normal goods.
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According to the concept of bounded rationality, managers make decisions rationally, but are limited by their ability to process information.
Bounded rationality. is the concept that once people make decisions, their rationality is restricted through the records they have, the cognitive barriers in their minds, and the time to be had to make the selection.
In selection making, rationality of people is restricted through the records they have, the cognitive barriers in their mind, and the finite quantity of time they need to make a selection. Bounded rationality prevails whilst a hard and fast of barriers or constraints complicate the rational selection making process.
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Answer:
C) Debit Cash $2,750
Credit Accounts Receivable $2,750
Explanation:
When payment is received in respect of services rendered or goods sold in the past periods, the accounting rule is to debit cash or bank as the case may be and credit account receivable for the amount received. This is necessary because in period when transaction took place, revenue has been credited and account receivable debited.
Answer Choices:
A. is staffed by accountants, economists, tax lawyers
B. keeps Congress well informed on international affairs
C. was created by Article III of the Constitution
D. consents to treaties and trade agreements negotiated by the President
Answer:
A.