Which of the Following Is/are Not True

question 129

Multiple Choice

Which of the following is/are not true?

• A)An employer must recognize changes in the funded status of a defined benefit retirement plan on its balance sheet each period.
• B)U.S.GAAP and IFRS do not require the employer to recognize changes in the funded status of a defined benefit retirement plan immediately in net income.
• C)Changes in the net funded status of a defined benefit retirement plan because investment performance differs from expectations, or because of changes in actuarial assumptions, or in the retirement benefit formula, initially affect other comprehensive income.
• D)Firms amortize the amounts in the contingency reserve for underfunded/overfunded retirement plans over the expected period of benefit as an adjustment to retirement plan cost.
• E)all of the above

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Definitions:

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The highest-ranking executive in a company or organization, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.

Sells Stock

The act of offering shares of a company to the public or specific investors, thereby providing the company with capital in exchange.

Informed Consent

A process in which a patient receives a full understanding of and agrees to a treatment or procedure, including its risks and benefits.

Unconscious Patient

An individual who is not awake and not aware of their surroundings, often requiring immediate medical attention.