JL Health Services Reported a Net Loss-AOCI in Last Year's

question 157

Multiple Choice

JL Health Services reported a net loss-AOCI in last year's balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $24. Also, the $48 million actual return on plan assets was less than the $54 million expected return. As a result:

• A)the statement of comprehensive income will report a $6 million gain and a $24 million loss.
• B)the net pension liability will increase by $18 million.
• C)accumulated other comprehensive income will increase by $18 million.
• D)the net pension liability will decrease by $24 million.PBO Plan assets = Net pension liability, so the Net pension liability will decrease by $18 million; The $24 million Gain and $6 million Loss combine for a net gain of $18 million which reduces the Net loss-AOCI, which is an increase in AOCI.

Understand the actions that can change or affect the HDC status of a negotiable instrument holder.

Explore the legal consequences of acquiring negotiable instruments under suspicious circumstances.

Understand the principles of when a demand instrument must be presented for acceptance or payment.

Recognize the conditions that render a note negotiable.

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Definitions:

Limb Defects

Abnormalities in the formation, structure, or number of limbs present at birth, affecting functionality and appearance.

Miscarriage

The natural termination of a pregnancy before the fetus is viable outside the womb, usually occurring before 20 weeks of gestation.

Gestational Age

The age of an embryo or fetus (or newborn) calculated from the number of weeks that have elapsed since the first day of the last menstrual period of the pregnant woman.

Chorionic Villus Sampling

A prenatal test involving sampling of the placental tissue to test for chromosomal abnormalities in the fetus.