Quiz 17.49 – Understanding Overfunded Pension Plans
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
What does an overfunded pension plan indicate?
What does an overfunded pension plan indicate?
Messier Company has a defined benefit pension plan and does not separately report the projected benefit obligation or plan assets on its balance sheet. Which statement accurately describes the company’s policy?
How does service cost affect pension plans?
Under what circumstances would an employer report a pension loss in Other comprehensive income?
Under what circumstances would a company realize pension gains related to plan assets?
What effect does the amortization of a net gain have on the pension expense?
How are gains and losses (related to the PBO or plan assets) typically accounted for in a defined benefit pension plan?
What are the possible scenarios in which gains and losses can occur with pension plans?
What is the impact of a gain resulting from changing an estimate regarding the obligation for pension plans?
What is the effect of amortizing a net loss for pensions?