The Required Disclosures for a Defined Benefit Plan Include

question 9

Multiple Choice

The required disclosures for a defined benefit plan include:

• A) An income statement and a balance sheet.
• B) A note disclosure of the liability for accrued benefits and the date at which it was measured.
• C) An operating statement.
• D) A note disclosure of the liability for accrued benefits and the date at which it was measured and an operating statement
• E) None of the given answers.

---

Definitions:

Consumer Preferences

The tastes, preferences, and priorities that influence the buying decisions of individuals or households.

Marginal-Utility Schedules

Tables or charts that illustrate the additional satisfaction or utility a consumer receives from consuming an additional unit of a good or service.

Utility Maximization

The economic principle stating individuals aim to achieve the highest satisfaction possible from consumption given their income and prices of goods.

Diminishing Marginal Utility

A principle stating that as more of a good or service is consumed, the additional satisfaction from consuming one more unit decreases.