In the Case of a Defined Benefit Plan,the Statements the Trustees

question 12

Multiple Choice

In the case of a defined benefit plan,the statements the trustees must provide if a detailed actuarial review has not been conducted at balance date include:

• A) An operating statement and a balance sheet.
• B) A statement of net assets and an operating statement.
• C) A statement of changes in net assets and a statement of net assets.
• D) A statement of changes in net assets and a balance sheet.
• E) None of the given answers.

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Definitions:

Superego

The part of personality that, according to Freud, represents internalized ideals and provides standards for judgment (the conscience) and for future aspirations.

Ego

The largely conscious, “executive” part of personality that, according to Freud, mediates among the demands of the id, superego, and reality. The ego operates on the reality principle, satisfying the id’s desires in ways that will realistically bring pleasure rather than pain.

Temper Tantrum

An emotional outbreak, usually exhibited by children, characterized by crying, screaming, or aggressive behaviors in response to frustration or lack of control.

Id

Contains a reservoir of unconscious psychic energy that, according to Freud, strives to satisfy basic sexual and aggressive drives. The id operates on the pleasure principle, demanding immediate gratification.