On January 1, 2018,Gillock Climbing Academy Instituted a Defined Benefit

question 86

Multiple Choice

On January 1, 2018,Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2018 and 2019 was $600,000. The interest rate used to determine the projected benefit obligation is 10%. Both the actual and the expected return on plan assets are 8% for both years. Gillock funded the plan in the amount of $400,000 each January 1, beginning on January 1, 2018.
-In the income statement, companies report the service cost component of pension expense:

• A) as part of total compensation costs.
• B) as part of total service cost that includes past service cost.
• C) as part of non-operating income.
• D) separate from the other components and outside the subtotal of income from operations.

Recognize the impact of social influences like informational and normative social influence on group behavior.

Identify the principles and consequences of groupthink in decision-making contexts.

Explore the adaptive significance of social behaviors from an evolutionary perspective.

Analyze the role social theories play in explaining gender differences in mate preferences and relationship dynamics.