Which of the Following Is Not a Required Note Disclosure

question 41

Multiple Choice

Which of the following is not a required note disclosure related to pension plans under FASB ASC Topic 715?

• A) Fair value of plan assets
• B) Actuarial discount rate
• C) Projected benefit obligation
• D) Number of employees covered by the plan

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Definitions:

Incremental Cash Flows

The additional cash flow generated by a company as a result of a decision to undertake a new project or investment.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than the cash they cost.

Sunk Costs

Costs that have been incurred and cannot be recovered, not affecting future business decisions.

Tax Liability

The amount of taxation that a business or individual owes to a taxing authority, typically calculated based on income or transactions.