Quiz Ch. 20

Quiz Ch. 20 - 1. In determining the present value of the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. In determining the present value of the prospective benefits (often referred to as the projected benefit obligation), the following are considered by the actuary: A. retirement and mortality rate. B. interest rates. C. benefit provisions of the plan. D. all of these factors. 2. Which of the following disclosures of postretirement benefits would not be required by professional pronouncements? A. Postretirement expense for the period B. The amount of the EPBO C. The assumptions and rates used in computing the EPBO and APBO D. A schedule showing changes in postretirement benefits and plan assets during the year 3. Interest cost included in pension expense recognized for a period by an employer sponsoring a defined-benefit pension plan represents the A. increase in the projected benefit obligation due to the passage of time. B. increase in the fair value of plan assets due to the passage of time. C. amortization of the discount on accumulated OCI (PSC).
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/16/2012 for the course BUS 312 taught by Professor Account during the Spring '11 term at IUPUI.

Page1 / 2

Quiz Ch. 20 - 1. In determining the present value of the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online