What Was the Main Argument of FASB Interpretation 3

question 62

Multiple Choice

What was the main argument of FASB Interpretation 3?

• A)ERISA did not create a pension liability except in the likelihood of plan termination.
• B)The cost of providing pension benefits should be spread over the remaining service life of employees.
• C)Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions.
• D)The balance sheet should report unfunded vested benefits.

---

Definitions:

Self-perception

The process by which an individual understands and interprets their own personality, behaviors, and characteristics, often shaped by social interactions and experiences.

Psychoanalytic Theory

A theory of socialization positing that the unconscious mind shapes human behavior.

Unconscious Mind

Part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Social Learning Theory

A theory of socialization positing that the formation of identity is a learned response to social stimuli.