In Accounting for a Pension Plan, Any Difference Between the Pension

question 37

Multiple Choice

In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be reported as

• A) An offset to the liability for prior service cost.
• B) Accumulated other comprehensive income
• C) A pension asset or liability.
• D) Other comprehensive income

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Definitions:

Pavlovian Conditioning

The association of a response with an environmental event as the result of pairing that event (conditioned stimulus, or CS) with a biologically significant event (unconditioned stimulus, or UCS).

Operant Conditioning

When a specific response produces reinforcement and the frequency of the response determines the amount of reinforcement obtained.

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change or escape a negative situation due to past failures.

Seligman

Martin E.P. Seligman, a psychologist known for his work on learned helplessness and for promoting positive psychology.