Matching
indicate whether the item described must be disclosed per the requirements of current GAAP regarding an employer's disclosures about pensions and other postemployment benefits.
Premises:
A reconciliation of the beginning and ending balances of the projected benefit obligation.
The amounts and types of securities included in the plan assets.
A reconciliation of the beginning and ending balances of the fair value of the plan assets.
The discount rate.
The actuarial value of the vested benefits.
The funded status of the plan, the amounts not recognized on the balance sheet, and the amounts recognized on the balance sheet.
The expected long-term rate of return on the plan assets.
The basis for determining payments to which employees will be entitled during retirement.
The amount of pension expense.
The names of employees who are presently receiving pension benefits.
Responses:
required disclosure
not a required disclosure.
Correct Answer:
Premises:
Responses:
A reconciliation of the beginning and ending balances of the projected benefit obligation.
The amounts and types of securities included in the plan assets.
A reconciliation of the beginning and ending balances of the fair value of the plan assets.
The discount rate.
The actuarial value of the vested benefits.
The funded status of the plan, the amounts not recognized on the balance sheet, and the amounts recognized on the balance sheet.
The expected long-term rate of return on the plan assets.
The basis for determining payments to which employees will be entitled during retirement.
The amount of pension expense.
The names of employees who are presently receiving pension benefits.
Premises:
A reconciliation of the beginning and ending balances of the projected benefit obligation.
The amounts and types of securities included in the plan assets.
A reconciliation of the beginning and ending balances of the fair value of the plan assets.
The discount rate.
The actuarial value of the vested benefits.
The funded status of the plan, the amounts not recognized on the balance sheet, and the amounts recognized on the balance sheet.
The expected long-term rate of return on the plan assets.
The basis for determining payments to which employees will be entitled during retirement.
The amount of pension expense.
The names of employees who are presently receiving pension benefits.
Responses:
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