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An employer wishes to establish a qualified plan in which the annual contribution is a percentage of each participant's compensation. The work force is large, middle-income and mostly young to middle aged. Assuming one of the employer's primary goals for the retirement plan is to assure the security of retirement income by providing a plan guaranteed by the PBGC, which of the following types of plans would be the first recommendation?
A. a cash balance pension plan
B. a defined benefit plan
C. a 401(k) plan
D. a SIMPLE IRA
Tax rate was= 36.6%. Determine the amount of costs acquired by firm for last year?
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Nguyen Corp constructed assets costing $600 000. The Weighted average accumulated expenditures on these assets during the year was $400 000. Find out the amount of interest that must be capitalized by Nguyen Corp during the year of 2005?
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The Daily Tribune is performing an impairment test of its printing press as of December 31, 200X, and estimates that the press will generate net cash flows of $8,000 per year for the next 4 years.
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