Scroll down to complete all parts of this task.
Select from the option list provided the term relevant to defined benefit pension accounting that corresponds to each definition. Each choice may be used once or not at all.
Choices:
Actual return on plan assets
Prior service cost
Transition asset or obligation
Assey reversionary transaction
Accumulated other comprehensive income
Projected benefit obligation
Expected return on plan assets
Other comprehensive income
Prior service credit
Amortization of actuarial gains and losses
Service cost
Annual pension expense
Settlement
Curtailment
Interest cost
Definition |
Term |
1. A reduction of benefits resulting from a plan amendment |
|
2. The difference between the fair values of the plan assets at the beginning and end of the accounting period adjusted for contributions and payments |
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3. The actuarial present value at a given date of all benefits attributed by the plan formula to employee services rendered prior to that date |
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4. An amount determined based on the expected long-term rate of return of plan assets and the fair value of plan assets |
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5. The account in which unamortized gains and losses are recorded initially |
1.Curtailment
2.Actual return on plan assets
3.Accumulated other comprehensive income
4.Expected return on planned assets
5.other comprehensive income
Scroll down to complete all parts of this task. Select from the option list provided the...
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