Choose the Correct Statement Concerning Pensions (Defined Benefit)and Other Post-Employment

question 87

Multiple Choice

Choose the correct statement concerning pensions (defined benefit) and other post-employment benefits.

• A)Other post-employment benefits payments are more difficult to predict than are pension payments.
• B)The entire other post-employment benefits obligation must be recognized in the balance sheet whereas, in most cases, the pension obligation is not.
• C)Pension expense has six components; other post-employment benefits expense has only five components.
• D)Only pensions require a reconciliation of funded status to be disclosed.

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Definitions:

Yogen Früz

A Canadian frozen yogurt and smoothie chain that operates internationally, known for its self-serve yogurt bars and custom mixes.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Intellectual Property

Legal rights protecting creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Foreign Company

A company that is incorporated in a country outside of the one in which it conducts a significant portion of its business activities.