A pension plan Multiple Choice Getaza 0147 21 is a contrectu

A pension plan: Multiple Choice Getaza) 0147 21 is a contrectual agreement between an employer and its employees in which the employer provides benefits to employees after they retire is always funded fully by employers Con be a defined beneft plen or on undetined benefs plan

Solution

Solution 29:

A pension plan is a contractual agreement between employer and its employees in which the employer provides benefits to employees after they retire.

Hence first option is correct.

Solution 24:

Nos of share of treasury stock = Share issued - Share outstanding = 11500 - 1300 = 10200 shares

Solution 25:

Total annual preferred dividend = 2100 * $10 * 6.50% = $1,365

Dividend paid to preferred shareholder in first year = $1,000

Arrear of dividend for first yearv= $1,365 - $1,000 = $365

Therefore cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders = $1,365 + $365 = $1,730

Hence 3rd option is correct.