A Company Has a Defined Benefit Pension Liability of $4,700,000

question 43

Multiple Choice

A company has a defined benefit pension liability of $4,700,000 at the beginning of the year. The company contributes $7,000,000 to the pension during the year and records a pension expense of $10,200,000. The closing balance of the defined benefit pension plan at year-end is therefore a:

• A)$7,900,000 liability
• B)$7,900,000 asset
• C)$11,700,000 liability
• D)$1,500,000 asset

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Definitions:

Population Locations

The geographical areas where members of a defined population are found or reside.

Friedman Test

A non-parametric test for detecting differences in treatments across multiple test attempts, usually applied to cases with dependent samples.

Population Locations

This term isn’t a standard statistical or geographical concept, so it may be misunderstood or used in a different context. The correct term might be "population distribution."

P-value

The probability of obtaining test results at least as extreme as the ones observed, assuming the null hypothesis is true.