Disclosures for a Defined Benefit Pension Plan Should Include Which

question 4

Multiple Choice

Disclosures for a defined benefit pension plan should include which of the following? $\begin{array}{ll}\text { I. } & \text {number of beneficiaries } \\\text { II. } & \text {reconciliation of the encling value of the projected benefit obligation: } \\\text { III. } & \text {reconciliation of the ending fair value of the plan assets }\\\text { IV. } & \text { the composition of plan assets } \\\text { V. } & \text { the discount rate used } \\\text { VI. } & \text { expectedlong term rate of return on plan assets }\end{array}$

• A)I, II, III, IV
• B)I, III, V, VI
• C)II, III, V, VI
• D)III, IV, V, VI

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Definitions:

Corn Producer

An entity or individual involved in the cultivation and production of corn crops.

Economic Profit

The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.

Total Costs

The aggregate amount of all expenses associated with the production of a good or service, including both fixed and variable costs.

Implicit Costs

These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.