Which of the Following Is Not True About Post-Retirement Benefits

question 18

Multiple Choice

Which of the following is not true about post-retirement benefits?

• A)Post-retirement costs should be recognized as expense as the workers earn the right to receive the benefits.
• B)Most corporations have fully funded their post-retirement benefits.
• C)Unfunded post-retirement costs are a non-cash expense.
• D)A corporation's liability for post-retirement benefits is equal to the present value of estimated future payments.

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Definitions:

Lineage Fission

The division or splitting of a lineage or social group into two or more new lineages or groups, often over disputes or for other social reasons.

Descent Group

A social group whose members share a common ancestry; membership is derived through either the maternal or paternal line.

Patrilineal

A social system in which lineage, inheritance, and social identity are primarily traced through the male line.

Matrilineal

Pertaining to a social system in which lineage, inheritance, and social classification are traced through the mother's line rather than the father's.