Chapter 19--Accounting for

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1、Chapter19--AccountingforPostretirementBenefits3copyStudent:___________________________________________________________________________1.Undercontributoryplanstheemployeesbearthemajorityofthecostsoftheplanandcontributetowardstheplanwithdeductionsfromtheirsalaries.  True    Fa

2、lse 2.Thedefinedbenefitplanisatypeofplaninwhichtheemployer’scontributionintothepensionfundisbasedonaformula.  True    False 3.Thecorridorisdefinedas10%ofthegreaterofthebeginningoftheyearprojectedbenefitobligationortheendoftheyearfairvalueoftheplan.  True    False 4.Thevested

3、benefitobligationisthebenefitsemployeesareentitledtoreceiveeveniftheyarenolongeremployedbythecompany.  True    False 5.Toimproveusefulnessofdefinedpensionplans,GAAPrequiresdisclosureofreconciliationsofthebeginningandendingamountsoftheprojectedbenefitobligationandfairvalueoft

4、heplanassets.  True    False 6.InJuneof2011IASBamendedIAS19,EmployeeBenefits,changingitsmethodofaccountingforpensionsinordertomaketheaccountingforpensionssimilarunderU.S.GAAPandIFRS.  True    False 7.Accountingregulatorsoptedtorecognizetheliabilityandreduceothercomprehensive

5、income,thenamortizethepriorservicecostasacomponentofpensionexpense.Theliabilityisreducedandothercomprehensiveincomeisincreasedasthepriorserviceamountisamortized.Thismethodwaschoseneventhoughitviolatesthematchingconceptduetoconstituentarguments.  True    False 8.Accountingfor

6、priorservicecostprospectivelywouldviolatethematchingconceptbecausealltheservicesperformedbytheemployeeswerecompletedinpreviousperiods.  True    False 9.GAAPrequiresthatacompanyaccruethecostofOPRB’sduringtheperiodsinwhichitsemployeesearnthebenefits.  True    False 10.Otherpos

7、tretirementbenefitsareprovidedtoformeremployeesafteremploymentforretirement.  True    False 11.AnInternalRevenueCoderulethatimpactsthedesignofpensionplansis  A. employeecontributionstothepensionfundarenottaxableuntilpensionbenefitsareactuallyreceivedB. pensionfundearningsare

8、taxableC. employercontributionstothepensionfundarenottaxabletotheemployeewh