The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
a. do not need to report an excess of the accumulated benefits obligations over assets in a postretirement benefits fund as a liability on the balance sheet.
b. do not need to disclose any estimates used in calculating projected benefits.
c. postretirement benefits are normally not material for most companies and do not need to be disclosed.
d. do not need to set aside funds for future postretirement benefits as they do for pension benefits.
A
You might also like to view...
________ components of the promotion mix do not seek a short-term increase in sales. Instead, with these communication activities, the company tries to maintain a positive image of an organization and its products
A) Personal selling B) Sales promotion C) Public relations D) Word-of-mouth E) Direct marketing
________ sources are books and articles that synthesize material from ________ sources, framing them for general readers
A) Primary; secondary B) Secondary; tertiary C) Tertiary; primary D) Primary; tertiary E) Tertiary; secondary
Collectivist societies also show a higher propensity to allocate rewards according to ______than do individualists.
A. need B. equality C. nurturance D. deference
Maxine indorsed her paycheck by signing her name on the back, but she lost it on the way to the bank. The check is now comparable to cash because it is a bearer instrument
a. True b. False Indicate whether the statement is true or false