Disclosures for a Defined Benefit Pension Plan Should Include Which

question 45

Multiple Choice

Disclosures for a defined benefit pension plan should include which of the following?
I.number of beneficiaries
II.reconciliation of the ending value of the projected benefit obligation
III.reconciliation of the ending fair value of the plan assets
IV.the composition of plan assets
V.the discount rate used
VI.expected long-term rate of return on plan assets

• A) I, II, III, IV
• B) I, III, V, VI
• C) II, III, V, VI
• D) III, IV, V, VI

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Definitions:

Work Automation

The use of technology to perform tasks without human intervention, often leading to increased efficiency but also potentially job displacement.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or practices.

Degradation

The process of something being destroyed or broken down, whether physically, morally, or environmentally.

Nomadic Tribes

Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.