An Increase in the Present Value of a Defined Benefit

question 2

Multiple Choice

An increase in the present value of a defined benefit obligation resulting from employee service in the current period is referred to as:

• A) the current service cost
• B) the past service cost
• C) the interest cost
• D) an actuarial gain or loss

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Definitions:

Periodical

A publication, such as a magazine, journal, or newspaper, that is published at regular intervals over an indefinite period.

Nurture

The influence of environmental factors on one's behavior, development, and personality.

Identical Twins

Genetically identical siblings that result from the division of a single fertilized egg.

Academic Performance

The measurement of a student's scholastic activities, often represented by grades or performance in examinations.