Zenith Company, a Calendar-Year Entity, Amends Its Defined Benefit Pension

question 21

Multiple Choice

Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019 and must recognize the increase in past service costs of its vested and non-vested employees as of that date in the calculation of its net 2019 pension expense (or revenue) . The pertinent facts as of January 1, 2019 are: Calculate the past service costs included in 2019 net pension expense (or revenue) under IAS 19.

• A) $5,100
• B) $5,400
• C) $600
• D) $7,000

---

Definitions:

Lectures

A method of teaching by giving a discourse on a particular subject before an audience, typically used in universities and colleges.

Effective Training Objectives

Specific, measurable goals that outline the desired outcomes of a training program, aimed at enhancing the knowledge, skills, and abilities of participants.

Measurable Performance Standards

Specific criteria used to assess the effectiveness or efficiency of an employee's work performance, usually quantifiable.

Performance Evaluation

A systematic process for assessing the performance of employees and providing them with feedback to improve their job effectiveness.