If the Decimal Point Is Shifted to the Left in a Number

question 108

Short Answer

If the decimal point is shifted to the left in a number expressed in powers-of-10 notation, the exponent, or power of 10, is ______________.

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Definitions:

Prior Service Cost

The cost associated with retroactive benefits granted in a pension plan amendment, recognized over the service lives of affected employees.

Plan Assets

Assets that are specifically earmarked to pay pension benefits, typically held in a pension fund.

Pension Expense

An accounting charge representing the cost to a company of providing retirement benefits to employees during a particular time period.

Projected Benefit Obligation

An actuarial measure of the present value of pension benefits owed to employees, accounting for projected salary increases.