Why Are Retirement Assets Listed Separately on the Balance Sheet

question 11

Multiple Choice

Why are retirement assets listed separately on the balance sheet?

• A)Retirement assets often cannot be turned into cash immediately without penalty.
• B)Normal withdrawals from pensions are taxable.
• C)Normal withdrawals from pensions are nontaxable.
• D)Retirement assets have low cash value relative to their face amount.
• E)Both a and b above.

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Definitions:

Crutches

Supports used by individuals to help transfer weight from the legs to the upper body during walking or standing.

Grasp Arm

A physical action or maneuver used to hold or support someone's arm, often for assistance or stability.

Weight Transfer

The process of moving or shifting body weight from one point to another, which is critical for tasks such as walking, standing, or performing transfers.

Activity Tolerance

The level or extent of physical exercise or activity that a person is capable of performing without undue strain or exhaustion.