Which of the following disclosures of pension plan information would not normally be required?

Question

Quizplus · Accepted Answer

The amount of prior service cost changed or credited in previous years is not a required disclosure of pension plan information under generally accepted accounting principles (GAAP). However, the other options listed (A, C, and D) are all required disclosures. The major components of pension expense must be disclosed in the financial statements, including service cost, interest cost, expected return on plan assets, amortization of prior service cost or credit, and gain or loss. The funded status of the plan and the amounts recognized in the financial statements must also be disclosed, including the fair value of plan assets and projected benefit obligations. The rates used in measuring the benefit amounts must also be disclosed, including the discount rate used to measure the present value of the projected benefit obligations.

Which of the Following Disclosures of Pension Plan Information Would