Which Statement Is Not True

question 40

Multiple Choice

Which statement is not true?

• A)In the computation of pension expense, a negative return on plan assets can be added.
• B)The amount of prior service cost is not included as an asset or a liability.
• C)Interest cost is equal to the projected benefit obligation at the end of the period multiplied by the discount rate used by the company.
• D)A lower-than-expected mortality rate creates a pension loss to a company.

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Definitions:

Wilhelm Wundt

A German psychologist who is considered the father of experimental psychology; he founded the first psychological laboratory.

Practice Observations

The act of repeatedly watching or monitoring phenomena to gain expertise or collect data in a particular field.

American Psychologist

A professional title for psychologists in the United States, often associated with the publication of the American Psychological Association.

Wilhelm Wundt

A German psychologist who is widely regarded as the father of experimental psychology, having established the first psychology laboratory in 1879.