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:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched.

Reversibility

In cognitive psychology, the ability to recognize that actions can be reversed and objects can be returned to their original state.

Sensorimotor

Referring to the developmental stage in infants and toddlers where they explore the world and learn about it through their senses and motor activities.

Cognitive Development

The process by which individuals acquire and evolve their cognitive abilities, including thinking, problem solving, and decision making, across the lifespan.