1. All of the following are components of the defined benefit cost except * unvested past service cost interest on the effect of the asset ceiling loss on settlement return on plan assets
1. All of the following are components of the defined benefit cost except * unvested past service cost interest on the effect of the asset ceiling loss on settlement return on plan assets
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 4Q
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Question
1. All of the following are components of the defined benefit cost except *
unvested past service cost
interest on the effect of the asset ceiling
loss on settlement
return on plan assets
2. Which of the following are recognized in other comprehensive income?
service cost
net interest in net defined benefit liability (asset)
amortization of actuarial gains or losses
difference between interest income on plan assets and return on plan assets
3. The balance of the present value of defined benefit obligation is affected by all of the following except *
actuarial gains or losses
interest cost
current service cost
contributions to the fund
4. If the present value of the defined benefit obligation exceeds the fair value of the plan assets, there is *
deficit
surplus
expense
prepaid accrued benefit cost
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