Which of the Following Is Not Correct

question 14

Multiple Choice

Which of the following is not correct?

• A) International accounting standards for pensions (IAS 19) do not include any provisions for the recognition of an additional minimum liability.
• B) International accounting standards for pensions (IAS 19) do not allow for the recognition of a net pension asset in some circumstances.
• C) International accounting standard for pensions (IAS 19) include the same 10% corridor amount in calculating the amortization of deferred gains and losses as found in U.S. GAAP.
• D) International accounting standards for pensions (IAS 19) recognized pension gains and losses immediately as part of comprehensive income.

---

Definitions:

Financial Accountants

Professionals specializing in managing and reporting a company's financial transactions, ensuring compliance with accounting principles and regulations.

Stockholders' Approval

Stockholders' approval is the consent given by shareholders for certain business decisions or corporate actions, typically during a vote at a shareholders' meeting.

Financial Accounting Standards Board

An independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Assets and Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations a business owes to others.