Question: I need all the answer correct, provide detailed explanation for each 10a. Which of the following assumptions should be disclosed in the pension note? The

I need all the answer correct, provide detailed explanation for each

10a. Which of the following assumptions should be disclosed in the pension note?

  1. The risk free interest rate.
  2. The expected rate of return.
  3. The expected rate of increase in compensation.
  4. The number of years used to amortize prior service cost.
  5. Two of the above.
  6. Three of the above.

10b. Which of the following statements is correct? There are two correct options. ChooseONEfrom A-D andANOTHER ONEfrom E-H!

A. The funded status of a pension trust is the difference between the fair value of pension assets and the projected benefit obligation as of the balance sheet date.

B. Corridor amortization was created by the FASB because employers did not want to amortize unexpected (actuarial) gains and losses.

C. A and B.

D. Neither A nor B.

E. The PBGC insures 401(k) plans.

F. The accounting and financial reporting for pension expense related to defined benefit pensions is managed to create less volatility in the net incomes reported by employers

G. E and F.

H. Neither E nor F.

10c. A company that maintains a defined benefit pension plan for its employees reports a pension liability on its balance sheet. This liability represents the amount by which the:

  1. projected benefit obligation exceeds the net assets of the pension trust.
  2. projected benefit obligation exceeds the assets of the pension trust.
  3. net assets exceed the projected benefit obligation.
  4. assets exceed the projected benefit obligation.

10d. Which of the following amounts includes the effects of projected increases in future compensation?

A. Service cost.

B. Projected benefit obligation.

C. A and B.

D. Neither A nor B.

10a. Which of the following assumptions should be disclosed in the pension note?

  1. The risk free interest rate.
  2. The expected rate of return.
  3. The expected rate of increase in compensation.
  4. The number of years used to amortize prior service cost.
  5. Two of the above.
  6. Three of the above.

10b. Which of the following statements is correct? There are two correct options. ChooseONEfrom A-D andANOTHER ONEfrom E-H!

A. The funded status of a pension trust is the difference between the fair value of pension assets and the projected benefit obligation as of the balance sheet date.

B. Corridor amortization was created by the FASB because employers did not want to amortize unexpected (actuarial) gains and losses.

C. A and B.

D. Neither A nor B.

E. The PBGC insures 401(k) plans.

F. The accounting and financial reporting for pension expense related to defined benefit pensions is managed to create less volatility in the net incomes reported by employers

G. E and F.

H. Neither E nor F.

10c. A company that maintains a defined benefit pension plan for its employees reports a pension liability on its balance sheet. This liability represents the amount by which the:

  1. projected benefit obligation exceeds the net assets of the pension trust.
  2. projected benefit obligation exceeds the assets of the pension trust.
  3. net assets exceed the projected benefit obligation.
  4. assets exceed the projected benefit obligation.

10d. Which of the following amounts includes the effects of projected increases in future compensation?

A. Service cost.

B. Projected benefit obligation.

C. A and B.

D. Neither A nor B.

10a. Which of the following assumptions should be disclosed in the pension note?

  1. The risk free interest rate.
  2. The expected rate of return.
  3. The expected rate of increase in compensation.
  4. The number of years used to amortize prior service cost.
  5. Two of the above.
  6. Three of the above.

10b. Which of the following statements is correct? There are two correct options. ChooseONEfrom A-D andANOTHER ONEfrom E-H!

A. The funded status of a pension trust is the difference between the fair value of pension assets and the projected benefit obligation as of the balance sheet date.

B. Corridor amortization was created by the FASB because employers did not want to amortize unexpected (actuarial) gains and losses.

C. A and B.

D. Neither A nor B.

E. The PBGC insures 401(k) plans.

F. The accounting and financial reporting for pension expense related to defined benefit pensions is managed to create less volatility in the net incomes reported by employers

G. E and F.

H. Neither E nor F.

10c. A company that maintains a defined benefit pension plan for its employees reports a pension liability on its balance sheet. This liability represents the amount by which the:

  1. projected benefit obligation exceeds the net assets of the pension trust.
  2. projected benefit obligation exceeds the assets of the pension trust.
  3. net assets exceed the projected benefit obligation.
  4. assets exceed the projected benefit obligation.

10d. Which of the following amounts includes the effects of projected increases in future compensation?

A. Service cost.

B. Projected benefit obligation.

C. A and B.

D. Neither A nor B.

10a. Which of the following assumptions should be disclosed in the pension note?

  1. The risk free interest rate.
  2. The expected rate of return.
  3. The expected rate of increase in compensation.
  4. The number of years used to amortize prior service cost.
  5. Two of the above.
  6. Three of the above.

10b. Which of the following statements is correct? There are two correct options. ChooseONEfrom A-D andANOTHER ONEfrom E-H!

A. The funded status of a pension trust is the difference between the fair value of pension assets and the projected benefit obligation as of the balance sheet date.

B. Corridor amortization was created by the FASB because employers did not want to amortize unexpected (actuarial) gains and losses.

C. A and B.

D. Neither A nor B.

E. The PBGC insures 401(k) plans.

F. The accounting and financial reporting for pension expense related to defined benefit pensions is managed to create less volatility in the net incomes reported by employers

G. E and F.

H. Neither E nor F.

10c. A company that maintains a defined benefit pension plan for its employees reports a pension liability on its balance sheet. This liability represents the amount by which the:

  1. projected benefit obligation exceeds the net assets of the pension trust.
  2. projected benefit obligation exceeds the assets of the pension trust.
  3. net assets exceed the projected benefit obligation.
  4. assets exceed the projected benefit obligation.

10d. Which of the following amounts includes the effects of projected increases in future compensation?

A. Service cost.

B. Projected benefit obligation.

C. A and B.

D. Neither A nor B.

10a. Which of the following assumptions should be disclosed in the pension note?

  1. The risk free interest rate.
  2. The expected rate of return.
  3. The expected rate of increase in compensation.
  4. The number of years used to amortize prior service cost.
  5. Two of the above.
  6. Three of the above.

10b. Which of the following statements is correct? There are two correct options. ChooseONEfrom A-D andANOTHER ONEfrom E-H!

A. The funded status of a pension trust is the difference between the fair value of pension assets and the projected benefit obligation as of the balance sheet date.

B. Corridor amortization was created by the FASB because employers did not want to amortize unexpected (actuarial) gains and losses.

C. A and B.

D. Neither A nor B.

E. The PBGC insures 401(k) plans.

F. The accounting and financial reporting for pension expense related to defined benefit pensions is managed to create less volatility in the net incomes reported by employers

G. E and F.

H. Neither E nor F.

10c. A company that maintains a defined benefit pension plan for its employees reports a pension liability on its balance sheet. This liability represents the amount by which the:

  1. projected benefit obligation exceeds the net assets of the pension trust.
  2. projected benefit obligation exceeds the assets of the pension trust.
  3. net assets exceed the projected benefit obligation.
  4. assets exceed the projected benefit obligation.

10d. Which of the following amounts includes the effects of projected increases in future compensation?

A. Service cost.

B. Projected benefit obligation.

C. A and B.

D. Neither A nor B.

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