Regarding the Presentation and Disclosure of Pension Plans, Which Statement

question 36

Multiple Choice

Regarding the presentation and disclosure of pension plans, which statement is true?

• A)Enterprises must disclose the components of pension gains.
• B)If the pension expense, OCI, and the defined benefit asset or liability are not separately identified on the face of the financial statements, they must be disclosed in the notes.
• C)When a company has more than one defined benefit plan, IFRS usually permits the company to offset pension asset and pension liability amounts.
• D)Two plans that both have net liability positions cannot be added together.

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Definitions:

Selling and Administrative Expenses

Indirect costs not directly tied to product production, including marketing, management, rent, and utilities.

Significance Level

A threshold in statistical hypothesis testing that determines the probability of rejecting the null hypothesis when it is actually true.

Test Statistic

A type of statistic used in hypothesis testing, calculated from sample data, to determine the p-value or test the null hypothesis.

T Value

A statistic that is derived from a t-test and is used to determine if there is a significant difference between the means of two groups.