Exhibit 20-1 Given the Following Information Average Remaining Service Life = 5 Years
an Unrecognized Net

question 32

Multiple Choice

Exhibit 20-1 Given the following information:
$\begin{array} { | l | l | l | l | } \hline & 2010 & 2011 & 2012 \\\hline \text { Projected benefit obligation } & \$ 600 & \$ 700 & \$ 1,200 \\\hline \text { Plan asset value } & 400 & 800 & 1,100\\\hline\end{array}$ Average remaining service life = 5 years
An unrecognized net loss existed at the beginning of 2010 in the amount of $100.An additional unrecognized net loss of $20 is reported by actuaries as of the end of 2011.
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Refer to Exhibit 20-1.What amount of loss should be added to pension expense in 2012?

• A)$0
• B)$2.40
• C)$4.00
• D)$6.40

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Definitions:

Self-justification

The cognitive process of rationalizing one's behavior, decisions, or beliefs in a manner that avoids admitting fault or error.

Self-view

How an individual perceives or regards themselves, encompassing self-image, self-esteem, and self-concept.

Procedural Knowledge

The type of knowledge that involves knowing how to do something, as opposed to knowing facts (declarative knowledge).

Long-term Memory

The aspect of our memory system that is capable of storing large amounts of information for potentially infinite durations, ranging from a few minutes to decades.