What Amount Will Be Presented on the Balance Sheet for Fiscal

question 76

Multiple Choice

What amount will be presented on the balance sheet for fiscal 2015? $$\begin{array} { | l | r | r | } \hline & \text { Fiscal 2014 } & \text { Fiscal 2015 } \\\hline \text { Fair value of pension plan assets } & 50,000,000 & 45,000,000 \\\hline \text { Accrued pension obligation } & 60,000,000 & 42,000,000 \\\hline \text { Contributions } & 7,000,000 & 10,000,000 \\\hline \text { Benefits } & 8,000,000 & 8,000,000 \\\hline\end{array}$$

• A)$3,000,000 surplus
• B)$3,000,000 deficit
• C)$5,000,000
• D)$8,000,000

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Definitions:

Mean Absolute Deviation

The average of the absolute differences between each data point and the mean of the data set.

Root Mean Square Error

A measure of the differences between values predicted by a model and the values actually observed, expressed as the square root of the mean of these differences squared.

Seasonal Effect

A pattern observed in time-series data where changes occur at regular intervals due to seasonal factors.

Delphi Method

A structured communication technique, originally developed as a systematic, interactive forecasting method which relies on a panel of experts.