Listed below are several terms and phrases associated with pensions. Pair each item from List A (by
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Listed below are several terms and phrases associated with pensions. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
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List A 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. 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. List B 5. Trade-off between relevance and reliability. e. Choice between PBO and ABO 10. Risk borne by employee. a. Actual return exceeds expected b. Net gain-AOCI c. Vested benefit obligation d. Projected benefit obligation f. Noncontributory pension plan g. Accumulated benefit obligation h. Plan assets i. Interest cost j. Delayed recognition in earnings List A 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. 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. List B 5. Trade-off between relevance and reliability. e. Choice between PBO and ABO 10. Risk borne by employee. a. Actual return exceeds expected b. Net gain-AOCI c. Vested benefit obligation d. Projected benefit obligation f. Noncontributory pension plan g. Accumulated benefit obligation h. Plan assets i. Interest cost j. Delayed recognition in earnings
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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