1.Lee & Li, a business consulting firm, wants to attract and keep highly ambitio

Question

1.Lee & Li, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which of the following benefits would especially appeal to this type of employee?

A.a 529 savings plan

B.a defined-benefit pension plan

c.a generous vacation policy

d.a health maintenance organization

e.tuition reimbursement

2. The financial statements of XCorp include income statements that detail its earnings and expenses. Accounting requirements include setting aside funds that will be needed to pay for retirement benefits. How does that requirement affect the numbers on XCorp’s income statement?

A.meeting the requirement raises the reported value of the company’s assets

B.meeting the requirement raises the company’s stock value

C.meeting the requirement lowers the company’s stock value

D.meeting the requirement lowers the company’s reported operating expenses

E.meeting the requirement lowers the company’s reported income

Explanation / Answer

1. Answer- e. tuition reimbursement. This is a way in which education expenses of the employee are reimbursed once the education course is completed. In this way the Company motivates and helps its employees to learn continuously and advance in their careers.

2. Answer- D. meeting the requirement lowers the company’s reported income. Adding the retirement plans will denote the income which is kept aside for the wellbeing of the employees in future. Hence, it is an income which Company pay from its incurred income.

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