Which of the Following Statements About Pension Plan Disclosures Is

question 108

Multiple Choice

Which of the following statements about pension plan disclosures is true?

• A) The difference between the projected benefit obligation and the plan assets at fair value represents the unfunded status of the plan reported on the balance sheet.
• B) Public entities are not required to disclose the components of net pension benefit cost.
• C) The footnote must disclose assumptions used for discount rates and expected return on assets on a weighted average basis.
• D) Nonpublic entities must separately disclose the components of net pension benefit cost.

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Definitions:

1892

The year notable for events like the Homestead Strike in the United States and the founding of the General Electric Company.

Slogan

A short, memorable phrase used in advertising, political campaigns, or as a motto to capture the essence of beliefs, goals, or intentions.

Farmers Alliance

A broad-based populist socio-economic movement among American farmers that developed and flourished in the 1870s and 1880s.

1870s

A decade marked by significant events such as the Franco-Prussian War, the establishment of the German Empire, and advances in technology and culture during the late 19th century.