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Showing posts with label Accounting Chapter 20. Show all posts
Showing posts with label Accounting Chapter 20. Show all posts
Wednesday, March 6, 2019

According to the FASB, recognition of a liability is required when the projected benefit obligation exceeds the fair value of plan assets

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According to the FASB, recognition of a liability is required when the projected benefit obligation exceeds the fair value of plan assets. C...

The fair value of pension plan assets is used to determine the corridor and to calculate the expected return on plan assets.

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The fair value of pension plan assets is used to determine the corridor and to calculate the expected return on plan assets. Expected Return...

The actuarial gains or losses that result from changes in the projected benefit obligation are called

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The actuarial gains or losses that result from changes in the projected benefit obligation are called Asset Liability Gains & Losses Gai...

Whenever a defined-benefit plan is amended and credit is given to employees for years of service provided before the date of amendment

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Whenever a defined-benefit plan is amended and credit is given to employees for years of service provided before the date of amendment a. bo...

When a company amends a pension plan, for accounting purposes, prior service costs should be

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When a company amends a pension plan, for accounting purposes, prior service costs should be a. treated as a prior period adjustment because...

In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be reported as

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In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be report...

Which of the following items should be included in pension expense calculated by an employer who sponsors a defined-benefit pension plan

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Which of the following items should be included in pension expense calculated by an employer who sponsors a defined-benefit pension plan for...

In computing the service cost component of pension expense, the FASB concluded that

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In computing the service cost component of pension expense, the FASB concluded that a. the accumulated benefit obligation provides a more re...

Which of the following is not a characteristic of a defined-contribution pension plan?

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Which of the following is not a characteristic of a defined-contribution pension plan? a. The employer's contribution each period is bas...

Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries

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Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries in it...

In all pension plans, the accounting problems include all the following except

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In all pension plans, the accounting problems include all the following except a. measuring the amount of pension obligation. b. disclosing ...

In determining the present value of the prospective benefits (often referred to as the projected benefit obligation),

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In determining the present value of the prospective benefits (often referred to as the projected benefit obligation), which of the following...