Why Are Retirement Assets Listed Separately on the Balance Sheet

question 11

Multiple Choice

Why are retirement assets listed separately on the balance sheet?

• A)Retirement assets often cannot be turned into cash immediately without penalty.
• B)Normal withdrawals from pensions are taxable.
• C)Normal withdrawals from pensions are nontaxable.
• D)Retirement assets have low cash value relative to their face amount.
• E)Both a and b above.

---

Definitions:

Graphic Designing

The art and practice of planning and projecting ideas and experiences with visual and textual content.

Competitive Advantage

A characteristic that allows a company or country to produce goods or services better or more cheaply than its competitors.

Career Portfolio

A collection of documents and artifacts that showcase an individual's skills, accomplishments, and qualifications for their professional career.

Major

A student's primary field of study in college or university.