Question 1

Pensions have been very important to a successful retirement. Employer and Employee both fund parts of company pensions. Please select a NYSE listed company and report on their pension obligations. Analyze the pension obligations, employees covered and future outlook of the fund. Are there any apparent risks that face all pension funds in general.

Question 2

There are several advantages and disadvantages associated with the formation of a partnership. List and explain at least one advantage and one disadvantage to this business form. Use concepts that expand the basic and obvious choices.

Question 3

The development of XBRL has allowed businesses to communicate the content of financial data in a more efficient manner. This has closed a gap for reporting information to external users. Unfortunately, many of these users do not feel this is enough. These users feel they should have access to the entire general ledger, not just the XBRL-tagged reports. Do you feel that companies should allow this additional access to external users? What would be the advantages and disadvantages to both the users and the company? Explain.