The IASB and the FASB Are Studying Several Issues Related

question 99

Multiple Choice

The IASB and the FASB are studying several issues related to accounting for pensions including all of the following except

• A) eliminating smoothing provisions.
• B) requiring companies to report actual asset returns and any actuarial gains and losses directly in the income statement.
• C) requiring companies to report various components of pension expense, such as interest cost, separately in the income statement along with other interest expense.
• D) All of the above issues are under study by the IASB and the FASB.

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