Which of the following is/are not true?
a. An employer must recognize changes in the funded status of a defined benefit retirement plan on its balance sheet each period.
b. U.S. GAAP and IFRS do not require the employer to recognize changes in the funded status of a defined benefit retirement plan immediately in net income.
c. Changes in the net funded status of a defined benefit retirement plan because investment performance differs from expectations, or because of changes in actuarial assumptions, or in the retirement benefit formula, initially affect other comprehensive income.
d. Firms amortize the amounts in the contingency reserve for underfunded/overfunded retirement plans over the expected period of benefit as an adjustment to retirement plan cost.
e. all of the above
D
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Indicate whether the statement is true or false
Hayley makes annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. The original principal amount was ________
A) $31,000 B) $30,000 C) $25,000 D) $20,000
The insured is the person whose death causes the insurer to pay the claim
Indicate whether the statement is true or false
In the context of choosing an appropriate context and medium, oral communication is ideal when
A. the personalized aspect needs to be ignored. B. communication needs to be two-way. C. leaders need a record of the communication. D. leaders need to share their transitory feelings with subordinates.