A Net Gain or Net Loss Affects Pension Expense Only

question 224

True/False

A net gain or net loss affects pension expense only if it exceeds 10% of the pension benefit obligation or 10% of plan assets, whichever is lower.

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Definitions:

Binge Drinking

The excessive consumption of alcohol in a short period of time, typically with the intention of becoming intoxicated.

Heavy Drinking

Consuming alcohol in excess of moderate drinking guidelines, often leading to health risks and alcohol dependency.

Drinking

The act of consuming liquids, often referring specifically to the ingestion of alcoholic beverages.

Ethanol

The variety of alcohol used in beverages.