Use the Following Information for Questions 88 and 89

question 66

Multiple Choice

Use the following information for questions 88 and 89.
The following information relates to Jackson, Inc.:
-The amount reported as the liability for pensions on the December 31, 2014 balance sheet is

• A) $ -0-.
• B) $30,000.
• C) $260,000.
• D) $230,000.

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Definitions:

Minutes

Written records of the main points and decisions made during meetings or formal gatherings.

Seven-digit Phone Number

A standard format for telephone numbers that includes a sequence of seven digits, often used in the United States and other countries.

Short-term Memory

The ability to keep a limited amount of data in a readily accessible and active condition for a brief duration.

Sensory

Pertaining to the senses or sensation.