If Actuarial Assumptions Change Such That the Annuity Payable Is

question 42

Multiple Choice

If actuarial assumptions change such that the annuity payable is actually less than originally recorded, the change should be reported

• A) Immediately as a reduction in the annuity payable.
• B) Immediately as an expense.
• C) As an expense at the time the annuity obligations are fulfilled.
• D) As a reduction of annuity payable at the time the annuity obligations are fulfilled.

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Definitions:

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