Question

In: Accounting

1. Employees performing current service impact all of the following except: a) Assets b) Liabilities c)...

1. Employees performing current service impact all of the following except:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

2. Plan amendment grants retroactive benefits impact all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

3. Projected benefit obligations which accrue interest at the settlement rate impact all of the following except:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

4. Unexpected increases in Projected Benefit Obligations (PBO) due to changes in actuarial assumptions impact all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

5. Retired employees paid benefits impacts all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

6. Contributions made to plan trustee impacts which one of the following

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

7. Plan assets increasing by the expected return from investing impacts all of the following except:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

8. Unexpected decreases in FMV of plan assets due to an asset loss impacts all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

9. Amortization of prior service cost impacts all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

10. Amortization of gain impacts all of the following except which two:

a) Assets b) Liabilities c) Shareholders' Equity d) Net Income

Solutions

Expert Solution

1. Employees performing current service impact all of the following except:

Answer: c) Shareholders' Equity

2. Plan amendment grants retroactive benefits impact all of the following except which two:

ANswer; a) Assets d) Net Income

3. Projected benefit obligations which accrue interest at the settlement rate impact all of the following except:

Answer: c) Shareholders' Equity

4. Unexpected increases in Projected Benefit Obligations (PBO) due to changes in actuarial assumptions impact all of the following except which two:

Answer: a) Assets d) Net Income

5. Retired employees paid benefits impacts all of the following except which two:

Answer: b) Liabilities d) Net Income

6. Contributions made to plan trustee impacts which one of the following

Answer: d) Net Income

7. Plan assets increasing by the expected return from investing impacts all of the following except:

Answer: c) Shareholders' Equity

8. Unexpected decreases in FMV of plan assets due to an asset loss impacts all of the following except which two:

Answer: d) Net Income

9. Amortization of prior service cost impacts all of the following except which two:

Answer: b) Liabilities c) Shareholders' Equity

10. Amortization of gain impacts all of the following except which two:

Answer: b) Liabilities c) Shareholders' Equity

ekkarill92 answered 8 months ago

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