Interest cost included in pension expense recognized for a period by an employer sponsoring a defined-benefit pension plan represents the
a. shortage between the expected and actual returns on plan assets.
b. increase in the projected benefit obligation due to the passage of time.
c. increase in the fair value of plan assets due to the passage of time.
d. amortization of the discount on accumulated OCI (PSC).
Ans: b. increase in the projected benefit obligation due to the passage of time.
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Which of the following would result in Company B adding more to its cash at the end of the year than Company A, assuming all else is the same for them.
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California rules for annuity sales require all agents to present a specific disclosure document in advance to any senior citizen who is not already a client whenever a sales appointment will be conducted in the person's home. How far in advance must the prospect receive the written notice?
A. One business day B. At least 24 hours C. Prior to entering the home D. Three calendar days