Examlex

Solved

Assume That You Have Just Examined Several Flat-Lying Sedimentary Layers

question 13

Multiple Choice

Assume that you have just examined several flat-lying sedimentary layers.After much study you determine that there is a considerable span of time for which no sedimentary rock layer exists at this site.You have just discovered a(n) ________.


Definitions:

Pension Expense

The cost recognized by an employer for maintaining a defined benefit pension plan for its employees.

Defined Benefit Plans

Pension plans that promise a specified retirement benefit amount, which is determined by factors such as salary history and duration of employment.

Interest Cost Component

The portion of pension expense that represents the increase in the projected benefit obligation due to the passage of time.

Projected Benefit Obligation

An estimate of the total amount an entity is obligated to pay in pension benefits, based on expected future salary increases.

Related Questions