ASC Topic 715 requires disclosure of certain weighted-average rates that were used for determining amounts disclosed...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ASC Topic 715 requires disclosure of certain weighted-average rates that were used for determining amounts disclosed for defined benefit pension plans. Which of the following weighted-average rates should be disclosed for defined benefit pension plans? Rate of compensation increase A. B. C. D. Yes No Yes Yes Expected return on plan assets Yes Yes Yes No Discount rate for benefit obligation No Yes Yes Yes ASC Topic 715 requires disclosure of certain weighted-average rates that were used for determining amounts disclosed for defined benefit pension plans. Which of the following weighted-average rates should be disclosed for defined benefit pension plans? Rate of compensation increase A. B. C. D. Yes No Yes Yes Expected return on plan assets Yes Yes Yes No Discount rate for benefit obligation No Yes Yes Yes
Expert Answer:
Answer rating: 100% (QA)
C Yes because all three of the rates are required to be disclosed for defined ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A firm currently has an overfunded defined benefit pension plan and is short of cash. The chief financial officer (CFO) is considering terminating the defined benefit plan to recapture the excess...
-
Which of the following data dictionary objects should be used to view information about the constraints in a database? a. USER_TABLES b. USER_RULES c. USER_COLUMNS d. USER_CONSTRAINTS e. None of the...
-
Which of the following amino acid substitutions should you expect to be induced by 5-bromouracil with the highest frequency? (a) Met Leu; (b) Met Thr; (c) Lys Thr; (d) Lys Gln; (e) Pro Arg; or...
-
Population increase in northern Virginia requires new road constructions and repairs annually from 2022. More public schools will also be needed by 2035. The state of Virginia is considering an...
-
Suppose that country A and country B both have the same amount of resources and that country A has an absolute advantage in both steel and wheat and a comparative advantage in steel production. Draw...
-
What mass of carbon is required for complete conversion of 14.0 kg of SiO 2 to SiC?
-
Assume that Fossil sold watches to a department store on account for \($43,000\). How would this transaction affect Fossils accounting equation? a. Increase both liabilities and stockholders equity...
-
Explain why a survey of the current system may no purpose when an organization is planning to implement an ERP.
-
Explain areas in corporate logistics and supply chain that must have good relationships with other departments and why? Explain the Omnichannel fulfillment concept and function with some of the...
-
28.) Imagine a community where the money system is as follows: One blue bead is equal to 5 red beads. One orange bead is equal to 2 blue beads. One yellow bead is equal to 3 orange beads. // What is...
-
1. Identify five documents that must accompany the corporation tax return when it is filed to the Tax Authority. 2. How can an individual reduce their tax liability.
-
A company has $ 1 8 0 , 0 0 0 in fixed costs and sells a single product at $ 3 0 per unit with a contribution margin of $ 1 0 per unit. The company broke even this year. What was the company's sales...
-
A rectangular plot of land where outdoor concerts are held is about to be enclosed by a fence. How many feet of fence will be needed if the plot is 170 yards on one side and 270 feet on the other,...
-
Setting standards for the amount of labor per unit of service is known as: A. A productivity standard B. Overhead C. An efficiency standard D. A per unit or service investment
-
Assume the following information pertaining to star company: Prime Costs $195000 Conversion Costs $221000 Direct Materials used $85000 Beginning work in process $98000 Ending work in process $81000...
-
Accounting Questions on Tax Laws: What is the difference between a tax credit and a tax deduction? How does the IRS determine an individual's tax bracket? Can you explain the concept of tax deferral...
-
What two processes in meiosis I generate genetic variation among gametes? What other process produces genetic variation?
-
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
-
Using the data provided in P8-12, calculate the overhead cost variances under the three-variance method.
-
Name five key elements of the Sarbanes-Oxley Act.
-
When are variances usually recorded in the journals?
-
Find the fundamental natural frequency of vibration of a uniform beam of length \(l\) that is fixed at one end and simply supported at the other end. Assume the deflection shape of the beam to be...
-
Determine the fundamental frequency of a uniform fixed-fixed beam carrying a mass \(M\) at the middle by applying Rayleigh's method. Use the static deflection curve for \(W(x)\).
-
Applying Rayleigh's method, determine the fundamental frequency of a cantilever beam (fixed at \(x=l\) ) whose cross-sectional area \(A(x)\) and moment of inertia \(I(x)\) vary as \(A(x)=A_{0} x /...
Study smarter with the SolutionInn App