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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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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- 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 costWhich of the following does not increase the Projected Benefit Obligation? Actuarial loss on benefit obligation Current service costs Interest expense on benefit obligation Settlement of benefit obligationWhich of the following cases would result in an actuarial loss? Projected benefit obligation decreased. Projected benefit obligation increased. Fair value of plan assets increased. Fair value of plan assets decreased.
- Which is correct concerning the effect of asset ceiling in a defined benefit plan?**Please provide in details How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation (PBO)? What events may cause the balance of the PBO to change?true or false Only vested past service costs are recognized when a defined benefit plan is amended. Unvested past service costs are amortized over future periods.
- When the fair value of plan assets is multiplied with a discount rate, an interest expense arise. True or false?An increase in OCI related to plan assets occurs when: Select one: a. The accumulated benefit obligation is more than expected. b. The vested benefit obligation is less than expected. c. Retiree benefits paid out are less than expected. d. The return on plan assets is higher than expected. e. The employer contributes an amount greater than it was liable to do.True/False 1. Plan forfeitures under a defined benefit plan may be allocated to remaining participants in a non-discriminatory manner or go towards reducing plan administration costs. a. True b. False
- When the fair value of plan assets is multiplied with a discount rate, an interest expense arise. a. TRUE b. FALSEThe 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 fundIn computing the ending balance of defined benefit obligation, which of the following is deducted from the beginning balance? (1) Current service cost (2) Actuarial loss (3) Actuarial gain (4) Benefits paid 1 and 4 O 3 and 4 O 1 and 3 2 and 3