Which of the Following Is/are Not True

question 192

Multiple Choice

Which of the following is/are not true?

• A)U.S.GAAP and IFRS do not require the employer to 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 Other Comprehensive Income over the expected period of benefit as an adjustment to retirement plan cost.
• E)all of the above

---

Definitions:

Law Firms

Organizations engaged in the practice of law, offering legal services to individuals, businesses, and other entities.

Progressive Reforms

A series of political, social, and economic changes and reforms in the late 19th and early 20th centuries aimed at improving society by addressing issues like poverty, corruption, and inefficiency.

Children And Teens

Young people in the stages of life between infancy and adulthood, characterized by rapid physical, emotional, and intellectual development.

Rebel

A person who resists or defies authority, control, or tradition, often participating in a rebellion against an established government or leadership.