Which of the following is not a component of pension expense to be reported on a company's income statement?
A) interest cost
B) unrecognized past service cost
C) service cost
D) expected return on plan assets
B
You might also like to view...
SFAC No. 5 defines disclosure as:
a. presentation of information in the financial statements. b. presentation of information by means other than recognition in the financial statements. c. recognition of information in the financial statements or footnotes. d. presentation of information in any source available.
A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 12%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the following statements is true?
A) The amount of the annual interest expense is computed at 10% of the bond carrying amount at the beginning of the year. B) The amount of the annual interest expense gradually decreases over the life of the bonds. C) The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity. D) The amount of unamortized premium decreases from its balance at issuance date to a zero balance at maturity.
The primary basis for needing to transform the NLRA into something completely different is the long-standing culture of _______________________________ that arises from exclusive representation and majority support rules.
Fill in the blank(s) with the appropriate word(s).
Private health insurance covers almost 75% of private health care expenditures
Indicate whether the statement is true or false.