Under ASPE, Which of the Following Disclosures of Post-Employment Benefits

question 57

Multiple Choice

Under ASPE, which of the following disclosures of post-employment benefits would NOT be required?

• A) a description of each type of plan
• B) the effective date of the most recent actuarial report
• C) the year-end surplus or deficit, including the fair value of the plan assets and defined benefit obligation
• D) the risks associated with the defined benefit plan

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Definitions:

Single-Tax Movement

A political and economic ideology advocating for a tax system based solely on land value.

Henry George

A 19th-century American economist and social reformer known for his advocacy of a single tax on land value.

Resource Allocation

The process of assigning and managing assets and resources in the most efficient way to meet organizational or economic objectives.

Present Value

The current value of a future sum of money or stream of cash flows given a specific rate of return.