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

question 161

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.

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Definitions:

Consult Individually Option

The choice to seek advice or guidance in a one-on-one setting rather than in group consultation.

Vroom-Jago

A leadership model that emphasizes decision-making styles and the involvement of team members in the decision-making process.

Leader-Participation Model

A theory in leadership studies that suggests the effectiveness of leadership styles varies depending on the task, the leader's personality, and team-members' characteristics.

Assertive

Characterized by confidence and self-assurance in expressing one's opinions and needs directly.