Retirement benefit plans are carried at fair value except when undervalued.

Question

Quizplus · Accepted Answer

Retirement benefit plans are typically accounted for based on their defined benefit obligations and plan assets, not at fair value, except for any plan assets that might be measured at fair value. The statement about being carried at fair value except when undervalued does not accurately describe the accounting treatment of retirement benefit plans.

Retirement Benefit Plans Are Carried at Fair Value Except When