Regarding Actuarial Assumptions,firms Must Disclose in Notes to the Financial

question 21

Multiple Choice

Regarding actuarial assumptions,firms must disclose in notes to the financial statements all of the following except:

• A) the discount rate used to compute the pension benefit obligation.
• B) the expected rate of return on pension investments.
• C) estimates of the number of retirees over the future 10 years.
• D) the rate of compensation increase.

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Definitions:

Rehabilitation Act

A landmark legislation in the United States that prohibits discrimination on the basis of disability in programs conducted by Federal agencies, in programs receiving Federal financial assistance, and in Federal employment.

Just Say No

An anti-drug campaign promoted in the 1980s by US First Lady Nancy Reagan, encouraging youth to resist peer pressure by simply saying "no" to drugs.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Strategic Defense Initiative

was a proposed missile defense system announced by President Ronald Reagan in 1983, intended to protect the United States from attack by ballistic strategic nuclear weapons.