Listed below are several terms and phrases associated with pensions. Pair each item from List A with
Question:
Listed below are several terms and phrases associated with pensions. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it.
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List A List B 1. Future compensation levels estimated 2. All funding provided by the employer 3. Credit to OCland debit to plan assets 4. Retirement benefits specified by formula a. Actual return exceeds expected b. Net gain-AOCI c. Vested benefit obligation d. Projected benefit obligation e. Choice between PBOand ABO f. Noncontributory pension plan g. Accumulated benefit obligation h. Plan assets i. Interest cost j. Delayed recognition in earnings k. Defined contribution plan I. Defined benefit plan m. Prior service cost n. Amortize net loss-AOCI _ 5. Trade-off between relevance and reliability 6. Cumulative gains in excess of losses 7. Current pay levels implicitly assumed 8. Created by the passage of time. 9. Not contingent on future employment. 10. Risk borne by employee 11. Increased by employer contributions 12. Caused by plan amendment. 13. Loss on plan assets. 14. Excess over 10% of plan assets or PBO
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List A List B d 1 Future compensation levels estimated a Actual return exceeds expected f 2 All fun...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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