A Refracting Telescope Is the Type That Uses, as Its

question 231

Multiple Choice

A refracting telescope is the type that uses, as its main optical element, a

• A) lens.
• B) prism of glass.
• C) combination of many small plane mirrors.
• D) mirror.

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Definitions:

Prior Service Cost

A pension accounting term referring to the cost of benefits attributed to employee service in prior periods, often arising from plan amendments.

Pension Expense

The cost recognized by an employer for maintaining a defined benefit pension plan for its employees.

Defined Benefit Plans

Pension plans that promise a specified retirement benefit amount, which is determined by factors such as salary history and duration of employment.

Interest Cost Component

The portion of pension expense that represents the increase in the projected benefit obligation due to the passage of time.