When a Pension Plan Is Not Trusteed, a Company Must

question 27

True/False

When a pension plan is not trusteed, a company must report its pension plan assets and accrued pension liability on the balance sheet.

---

Definitions:

Proportional Adjustment

A method of modifying figures or rates in such a way that the relationship between them remains constant.

Annual Budget

A financial plan for a year that estimates income and expenditures for the said period.

Currency Exchange Rates

How much one currency is valued when converting to a different currency.

Estate Distribution

The process of dividing and allocating an individual's assets and properties after their death, according to their will or the laws of intestacy.