Cornell company is considering the establishment of a pension plan. the proposed plan has the following features:

a. contributions for employees earning less than $112,500 will be based on 2.60% of salary, while contributions for those earning over $112,500 will be based on 4.75% of salary.
b. to reduce employee turnover, company contributions will vest in 10 years.
c. employees with more than five years of service will be required to contribute 2.50% to the pension plan.
d. employee contributions will completely vest in one year.
will the proposed pension plan be deemed a qualified pension plan? why or why not?

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Which of the following is a tax incentive

In the game of economics, producers look to technological improvements to increase which of the following? a. wages b. inventory c. consumption d. productivity