FASB ASC Topic 715 Requires That the Notes Accompanying the Financial

question 60

Multiple Choice

FASB ASC Topic 715 requires that the notes accompanying the financial statements include a schedule reconciling the

• A) funded status of the plan with amounts reported in the balance sheet.
• B) current period employer contributions with pension expense reported in the income statement.
• C) projected benefit obligation and the accumulated benefit obligation.
• D) actual return on plan assets with the expected return.

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Definitions:

Rectus Muscle

Any of several straight muscles, particularly those found in the abdomen and the eyes.

Superior Tarsus

A structure in the eyelid, a stiff plate of connective tissue that gives the eyelid its shape and support.

Thenar

Refers to the fleshy mass on the palm of the hand at the base of the thumb, consisting of muscles involved in thumb movements.

Perineum Muscle

The perineum muscle refers to the muscles located in the perineal region, between the anus and the genitals, important for supporting pelvic floor structures.