Which of the Following Is a Requirement Set for Employers

question 59

Multiple Choice

Which of the following is a requirement set for employers under the Financial Accounting Standards Board (FASB) standards?

• A) Employers must fund benefits on a pay-as-you-go basis.
• B) Benefits must not appear as future cost obligations.
• C) Employers should encourage employees to participate in management functions.
• D) Financial statements should be made in such a way that outsiders cannot understand them.
• E) Employers must set aside the funds they expect to need for benefits to be paid after retirement.