Which of the Following Statements Is True

question 31

Multiple Choice

Which of the following statements is true?

• A) In 2012, five of the nation's 50 states had a female governor.
• B) Justice Sandra Day O'Connor and Janet Reno are the only females to have ever been members of the U.S. Supreme Court.
• C) Only one woman, Hillary Rodham Clinton, has ever been a candidate for Vice President of the U.S.
• D) In 2012, nearly 65 percent of the House of Representatives were comprised of women.

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Definitions:

Unrecognized Prior Service Cost

Costs related to pension plan benefits earned in previous periods but not recognized at that time, due to changes in plan terms or estimations.

Years-of-Future-Service Method

The Years-of-Future-Service Method is a technique used in accounting to calculate pension or retirement benefits, based on the projected years of service of an employee.

Defined Benefit Pension Plan

A retirement plan where the employer guarantees a specific retirement benefit amount for the employee based on factors such as salary history and length of employment.

Service Cost

The expense recognized by an employer for the benefits provided to employees under defined benefit pension plans for the period.