Which Statement Is Not Correct

question 37

Multiple Choice

Which statement is not correct?

• A)If an enterprise has a pension plan with a defined benefit liability and another plan with a defined benefit asset,the two amounts would be shown net in the balance sheet.
• B)If an enterprise has a pension plan with a defined benefit liability and another plan with a defined benefit asset,the two amounts would be shown separately in the balance sheet.
• C)Two plans that both have net liability positions can be combined.
• D)Two plans that both have net asset positions can be combined.

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Definitions:

Life Experiences

The events, situations, and milestones that an individual encounters throughout their life, shaping their personality and outlook.

Culture

The collective norms, values, beliefs, and practices that characterize and guide the behavior of a group or society.

Family

A social group consisting of parents, children, and often extended members, related by blood or law.

Personality Theory

A theory that seeks to explain the patterns of thoughts, feelings, and behavior that make a person unique.