Question : 101. Which of the following is/are true? A. U.S. GAAP and IFRS require : 1245815

 

 

101. Which of the following is/are true? A. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. B. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. C. The accounting records of the trust established to fund the retirement obligations are separate from the accounting records of the employer, and the amounts on the two sets of books usually differ. D. Payments to employees come from both the employer’s contributions and investment returns of the trust established to fund the retirement obligations. E. all of the above

 

102. Which of the following is/are not true? A. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. B. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. C. The accounting records of the trust established to fund the retirement obligations are separate from the accounting records of the employer, and the amounts on the two sets of books usually differ. D. Payments to employees come from both the employer’s contributions and investment returns of the firm’s long term investment assets established to fund the retirement obligations. E. all of the above

 

103. Which of the following is/are not true? A. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. B. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. C. The accounting records of the trust established to fund the retirement obligations are consolidated with the accounting records of the employer. D. Payments to employees come from both the employer’s contributions and investment returns of the trust established to fund the retirement obligations. E. all of the above

 

104. Which of the following is/are not true? A. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. B. Employers often contribute cash to a trust, an entity administered by the employer, to fund their retirement obligations. C. The accounting records of the trust established to fund the retirement obligations are separate from the accounting records of the employer, and the amounts on the two sets of books usually differ. D. Payments to employees come from both the employer’s contributions and investment returns of the trust established to fund the retirement obligations. E. all of the above

 

105. Which of the following is/are true? A. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.B. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet. C. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income. D. Notes to the financial statements provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.E. all of the above

 

106. Which of the following is/are not true? A. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.B. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet. C. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income. D. Notes to the financial statements do not provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.E. all of the above

 

107. Which of the following is/are not true? A. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.B. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet. C. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to net income. D. Notes to the financial statements provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.E. all of the above

 

108. Which of the following is/are not true? A. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.B. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as a retained earnings reserve on its balance sheet. C. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income. D. Notes to the financial statements provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.E. all of the above

 

109. 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 net 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

 

110. 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

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more