Term
| What are the three components of the pension formula? |
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Definition
Years of service
Annual Compensation
Age |
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Term
| T/F - Pensions are recorded on the balance sheet |
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Definition
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Term
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Definition
| Accumulated Benefit Obligation |
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Term
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Definition
| Projected Benefit Obligation |
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Term
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Definition
| Manages pension plan assets |
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Term
| What are the five components of pension expense? |
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Definition
-Service cost
-Interest cost
-Return on plan assets
-Amortization of prior service cost
-Amortization of deferred net loss or net gain |
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Term
| A debit balance in prepaid pension cost is reported as an... |
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Definition
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