The Schedule of Changes in Long-Term Obligations Contains an Account

question 57

Multiple Choice

The schedule of changes in long-term obligations contains an account "net pension obligation." Which of the following describes the event that gave rise to this account?

• A) The actual contribution by a proprietary fund was less than the annual required contribution per the actuary.
• B) The actual contribution by a governmental fund was less than the annual required contribution per the actuary.
• C) The actuarially computed pension liability exceeded the pension plan assets.
• D) The actuarially computed pension liability was less than the pension plan assets.

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Definitions:

Unconscious

In psychodynamic theory, the unconscious contains the majority of our memories and drives, which can only be raised to awareness with great difficulty and typically only in response to special techniques (that is, psychoanalytic procedures).

Conscious

In psychodynamic theory, the conscious contains information of which we are currently aware.

Psychodynamic School

A perspective in psychology that emphasizes the movement of psychological energy within the person in the form of attachments, conflicts, and motivations.

Neurologist

A medical doctor specializing in the diagnosis and treatment of disorders of the nervous system, including the brain, spinal cord, and nerves.