Capital leases that have not been capitalized will decrease the times interest earned ratio. Comment.
Indicate the status of pension liabilities under the Employee Retirement Income Security Act.
Why is the vesting provision an important provision of a pension plan? How has the Employee Retirement Income Security Act influenced vesting periods?
Indicate the risk to a company if it withdraws from a multiemployer pension plan or if the multiemployer pension plan is terminated.
Operating leases are not reflected on the balance sheet, but they are reflected on the income statement in the rent expense. Comment on why an interest expense figure that relates to long term operating leases should be considered when determining a fixed charge coverage.