Solved

Indicate Whether the Item Described Must Be Disclosed Per the Requirements

Question 67

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:

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.
Related Questions

Q58: Because of significant government funding of benefits

Q59: Which of the following statements regarding postretirement

Q60: Mandy Co.has a defined benefit pension

Q61: A list of descriptive phrases related to

Q62: Betsy Company estimated that at the

Q63: In addition to providing pensions to their

Q64: Current GAAP requires that a company with

Q65: One type of post-retirement benefit other than

Q66: According to GAAP, the net periodic pension

Q68: Match each item to its descriptive phrase

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents