Gorilla,Corp

question 31

Multiple Choice

Gorilla,Corp.implemented a defined-benefit pension plan for its employees on January 2,2012.The following data are provided for year 2012,as of December 31: What amount should Gorilla record as additional minimum pension liability at December 31,2012?

• A) $0
• B) $5,000
• C) $20,000
• D) $45,000

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Definitions:

Takeover Attempt

An effort by one company or entity to gain control of another company by acquiring a significant portion of its shares or assets.

Defensive Merger Tactics

Strategies employed by a company to avoid being taken over by another company, often including legal and financial maneuvers.

Unwanted Takeovers

Attempts by one company to acquire control of another company without the consent of the latter's management.

Stockholders

Individuals or entities that own stock in a corporation, making them partial owners of the company and entitling them to a share of its profits.