Listed below are several terms and phrases associated with pensions. Pair each item from List A with
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List A List B 1. Future compensation levels estimated. 2. All funding provided by the employer 3. Credit to OCI and 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 PBO and 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 ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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