If You Start a New Job and Are Offered the Opportunity

question 59

Multiple Choice

If you start a new job and are offered the opportunity to participate in the company's 401(k) or 403(b) retirement plan, which of the following decisions can affect your financial future?

• A) Participating in the retirement account as a way to reduce income taxes.
• B) Participating in the retirement account to take advantage of the employer's matching contributions.
• C) Choosing mutual funds from a number of different fund options for your retirement account.
• D) Basing your actual choice of investments on your age, how long before you retire, and your tolerance for risk.
• E) All of these decisions can affect your financial future.

Learn the accounting treatments for acquisitions not made at the beginning of a fiscal year.

Acquire knowledge on the accounting for mid-year acquisitions following an equity method investment.

Understand the financial reporting implications of step acquisitions and remeasurement to fair value.

Understand the different methods of internal record-keeping for investments in subsidiaries (equity, partial equity, initial value).