Q7. According to the information above, the funded status of Longhorn’s pension plan is closest to: A) underfunded by $6,115,000. B) overfunded by $6,115,000. C) underfunded by $14,110,000.
Q8. Moore reads in the footnotes to Longhorn’s financial statements that the pension plan’s PBO balance increased by $5,000,000 last year. Of this amount, approximately 50% was attributed to benefits earned by its employees that year. The remaining 50% was attributed to a change in the pension plan’s actuarial assumptions. Which one of the following changes to actuarial assumptions would cause an increase in PBO? A) A decrease in the discount rate. B) A decrease in the rate of compensation growth. C) A decrease in the expected rate of return.
Q9. Ignoring taxes, what adjustment is necessary to Longhorn’s net pension liability and other comprehensive income in order to comply with current U.S. accounting standards? Net pension liability
Other comprehensive income
A) Decrease $8,660,000 Increase $8,660,000 B) Increase $14,110,000 Decrease $14,110,000 C) Increase $8,660,000 Decrease $8,660,000
| 
发表于 2009-1-17 14:40
| 
