Which of the Following Is/are Not True

question 189

Multiple Choice

Which of the following is/are not true?

• A)U.S.GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.
• B)The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet.
• C)The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income.
• D)Notes to the financial statements do not provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.
• E)all of the above

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Definitions:

Ethical Leadership

The practice of leading by demonstrating ethical behavior, serving as a model for integrity and fairness.

Business Ethics

The principles and standards that guide behavior in the world of business, ensuring trust, fairness, and integrity in transactions.

Moral Intelligence

The capacity to understand right from wrong and to behave based on ethical principles and virtues.

Moral Principles

Fundamental beliefs about what is right and wrong, which guide individuals’ behavior and decision-making processes.