Common Examples of the Pension Model Include All of the Following

question 33

Multiple Choice

Common examples of the Pension Model include all of the following except for

• A)H)R.10 (Keogh)plans.
• B)401(k)plans.
• C)Nondeductible traditional IRAs.
• D)tax deferred annuities or 403(b)plans.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Notes Receivable

Financial assets representing money owed to the holder of the note, usually in the form of a formal written agreement.

Common Stock Account

An equity account on a company's balance sheet representing the value of shares issued by the company and held by shareholders.

Historical Par Value

A nominal value assigned to a security or stock when it is issued, which remains unchanged over time despite market fluctuations.