ACME has a defined benefit pension plan.ACME is preparing the December 31, 2010 financial statement disclosures related to the plan assets.It should disclose which of the following? I.Expected Return on Plan Assets
II.Actual Return on Plan Assets

Question

ACME has a defined benefit pension plan.ACME is preparing the December 31, 2010 financial statement disclosures related to the plan assets.It should disclose which of the following? I.Expected Return on Plan Assets 
II.Actual Return on Plan Assets

Quizplus · Accepted Answer

I. The fair value of the plan assets at the beginning and end of the year, as well as any gains or losses recognized during the year, should be disclosed.

II. A reconciliation of changes in the fair value of the plan assets should also be disclosed. This reconciliation should include contributions by the employer and employees, benefits paid, and any other significant factors affecting the plan assets during the year.

Therefore, both I and II should be disclosed in the financial statement disclosures related to the plan assets.

ACME Has a Defined Benefit Pension Plan