Which of the Following Is/are Not True

question 202

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 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

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Definitions:

Modern Monetarists

Economists who follow the beliefs of monetarism that emphasize the role of governments in controlling the amount of money in circulation to influence the economy.

Velocity V

The rate at which money circulates in an economy, typically measured as the ratio of nominal GDP to the money supply.

M Rises

An increase in the money supply within an economy, which could potentially lead to various economic effects such as inflation or stimulation of economic growth.

Percentage Fall

A measure of decrease expressed as a proportion of the original quantity.