Which of the following is/are not true?
a. An employer must recognize changes in the funded status of a defined benefit retirement plan on its balance sheet each period.
b. U.S. GAAP and IFRS do not require the employer to recognize changes in the funded status of a defined benefit retirement plan immediately in net income.
c. Changes in the net funded status of a defined benefit retirement plan because investment performance differs from expectations, or because of changes in actuarial assumptions, or in the retirement benefit formula, initially affect net income.
d. Firms amortize the amounts in Other Comprehensive Income over the expected period of benefit as an adjustment to retirement plan cost.
e. all of the above
C
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Which of the following is not a required step in finding beta?
A) Assuming a true value of the population parameter where the null is false B) Finding the critical value based on the null hypothesis C) Converting the critical value from the standard normal distribution to the units of the data D) Finding the power of the test
Current liabilities are obligations whose liquidation is reasonably expected to require the use of existing current assets or the creation of other current liabilities within
A) one year or operating cycle, whichever is longer. B) one year. C) one year or operating cycle, whichever is shorter. D) an operating cycle.