If the Fair Value of Pension Plan Assets Exceeds the Present

question 146

Multiple Choice

If the fair value of pension plan assets exceeds the present value of the pension obligation,a company reports

• A)a net pension liability on the balance sheet.
• B)a net pension asset on the balance sheet.
• C)nothing on the balance sheet.
• D)a long footnote only.
• E)both B and D

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Definitions:

Fixed-ratio

A schedule of reinforcement where a response is only reinforced after a specific number of responses, common in behaviorist psychology.

Fixed-interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior being repeated in the future.

Increases

A process or action that causes something to become larger, more numerous, or more significant.