The service cost component of a defined benefit pension plan is computed as the:
A. actual value of the change in the accrued pension liability.
B. present value of the change in pension liability from additional employee service.
C. present value of the change in the accrued pension liability.
D. undiscounted change in pension liability from additional employee service.
Answer: B
You might also like to view...
Online prompting in the OE/S process is a control plan that advises the customer service representative to check their data entries for accuracy before moving on
Indicate whether the statement is true or false
The oft-told story of the Nordstrom customer who returned a set of tires:
A) reinforces the need to maintain management control on what employees give away. B) reflects poorly on the manager since Nordstrom doesn't even sell tires. C) shows how irrational some customers are. D) illustrates positive ripple effects that can come from a service tale becoming a legend.
Financial statements are intended to tell the reader the value of a company
a. True b. False Indicate whether the statement is true or false
Why should a firm be aware of its competitors' distinctive competencies?
What will be an ideal response?