for the following assignment answer these questions 11. When calculating the pre
ID: 2467640 • Letter: F
Question
for the following assignment answer these questions
11.
When calculating the present value of retirement benefits, lower discount rates reduce PBO estimates.
A) True
B) False
12.
Retriement benefits paid to employees always reduce projected benefit obligations.
A) True
B) False
13.
In chapter 17, our authors suggest that today, it's very unusual for pension plans to be underfunded.
A) True
B) False
14.
A company's PBO is reported as a separate libilitiy on its balance sheet.
A) True
B) False
15.
Pension expense calculatons are made using expected returns on plan assets.
A) True
B) False
16.
Prior service costs are amortized over time, not immediately expensed when incurred.
A) True
B) False
17.
Gains or losses arise whenever the PBO or return on plan assets turn out to be different than expected.
A) True
B) False
18.
Amortizing net gains would will make pension expense calculations grow larger.
A) True
B) False
19.
Amortized gains and losses are reclassified from OIC to net income.
A) True
B) False
20.
Service and interest costs increase PBO calculation.
A) True
B) False
Explanation / Answer
11.FALSE
12. TRUE
13.TRUE
14. FALSE
15.TRUE
16.TRUE
17.TRUE
18. FALSE
19.TRUE
20.TRUE
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