Which of the following is/are not true?
a. U.S. GAAP and IFRS do not require the employer to 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 Other Comprehensive Income over the expected period of benefit as an adjustment to retirement plan cost.
e. all of the above
A
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The World Trade Organization was established by the ____ of multilateral trade negotiations.
a. Kennedy Round b. Tokyo Round c. Uruguay Round d. Clinton Round
According to sociolinguist Deborah Tannen, “women speak and hear a language of connection and intimacy” whereas “men speak and hear a language of ______ and ______.”
a. power; control b. status; independence c. humor; power d. status; control
According to the FASB conceptual framework, the concept of "earnings"
a. includes changes in market values of investments in marketable securities classified as available-for-sale. b. includes foreign currency translation adjustments. c. includes gains and losses resulting from the sale of a productive asset to another party in an arm's-length transaction. d. is the same as comprehensive income.
Trompenaars's universalism-particularism dimension addresses
A. which matters most to people in the society, universal goodness or particularist emotions. B. a culture's inclination to have a global foreign policy. C. the degree to which the individual (particularist) is the focus of social attention. D. whether rules or relationships regulate behavior.