Quiz 17.09 – T/F Pension Accounting Decisions
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Both the pension expense and funding amounts for a company’s pension plan are accounting decisions.
Both the pension expense and funding amounts for a company’s pension plan are accounting decisions.
The expected postretirement benefit obligation (EPBO) represents the total benefits expected to be paid by the employer to plan participants, discounted to their present value.
Which of the following increases the net pension liability (PBO minus plan assets)?
Which of the following decreases the net pension liability (PBO minus plan assets)?
According to generally accepted accounting principles, what basis of accounting must be used for accounting for postretirement benefits other than pensions?
What is the typical basis for determining eligibility for postretirement health care benefits?
Where are the eligibility requirements and nature of benefits for postretirement health care plans typically specified?
Which of the following is not an assumption needed to estimate postretirement health care benefits?
Most postretirement benefit plans are unfunded, and as a result, there is almost always a balance sheet liability associated with these plans.
Accounting for postretirement health care benefits is similar to accounting for what other item?