Explain How a Change in the Following Assumption Will Impact

question 80

Essay

Explain how a change in the following assumption will impact the defined benefit asset on the balance sheet.

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Definitions:

Advice And Consent

A constitutional power given to the U.S. Senate to ratify treaties and approve presidential appointments to the executive and judicial branches.

President

The head of state and head of government in a republic, particularly referring to the chief executive of the United States.

Declare War

The formal announcement by a governmental authority that a state of war exists between it and another nation.

American History

The record of events, people, and movements that have shaped the United States from its pre-Columbian era to the present day.