How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation (PBO)? What events may cause the balance of the PBO to change?

Q: what is the major difference and the major similarity between the vested benefit obligation and the…

A: Explain the similarities and the differences between Projected Benefit Obligation and Accumulated…

Q: Describe Defined Benefits Plan and Defined Contribution Plan. 2. What is the difference between…

A: The question is related to Employees Benefits.Both the Plan are post employment Plans. Accounting…

Q: Explain how the obligation for postretirement benefits is measured and how the obligation changes.

A: The answer for this question is given generally as each organisations can following their own…

Q: Compensation income may be in the form of monetary or in-kind benefit. a.true b.false

A:

Q: true or false Only vested past service costs are recognized when a defined benefit plan is amended.…

A: Defined benefit plan is a retirement benefit plan which is also known as pension scheme plan in…

Q: Which of the following is reported in profit or loss in accordance with PAS 1? I.      Sales revenue…

A: PAS 1: Presentation of financial statement prescribes the basis of presentation of general purpose…

Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…

A: Accumulated Benefit Obligation and Projected Benefit Obligation both are terms used in the pension…

Q: equity-based compensation contracts.

A: Compensating employees with equity has become the best compensation plan for attracting talented and…

Q: Knowledge Check 01 Which of the following statements are correct with regard to defined benefit…

A: OCI is called other comprehensive income

Q: Look at Note 31.2, “Retirement Benefits.” AF incorporates estimates regarding staffturnover, life…

A:

Q: A. It is probable that an outflow of economic benefits will be required to settle an obligation B.…

A: Option D

Q: how do compute thesocial security taxable earnings?

A: Federal income taxes (FIT) are imposed in USA. Tax is calculated by applying tax rates which…

Q: Which of the following statements is not correct about defined contribution plans?

A: The defined contribution plan shows the retirement benefit to the employees of the company. The…

Q: Differentiate between the accumulated benefit obligation and the projected benefit obligation.

A: ABO (Accumulated benefit obligation) and PBO (Projected benefit obligation) are similar in most of…

Q: In computing the ending balance of defined benefit obligation, which of the following is deducted…

A: Defined benefit obligation is the present value of future pension liabilities of a company which it…

Q: Which statement is true concerning the recognition and measurement of a defined contribution plan?…

A: Defined contribution plans are those plans which are made for making contributions for the benefits…

Q: Direct Compensation coverage.

A: The determinants of direct financial compensation can be classified into two categories, external…

Q: How incrising minimun wages affect compensation ?

A: Raising the minimum wage would make it more expensive to hire low-paid workers as it would be…

Q: Distinguish among the vested benefit obligation, the accumulated benefit obligation, and the…

A: Vested benefit obligation (VBO) VBO is obtained as the present value of the benefit obligation which…

Q: Which of the following are the rights of agents: A Right of subsidy; right of support B Right of…

A:

Q: Plan forfeitures under a defined benefit plan may be allocated to rem manner or go towards reducing…

A: A defined benefit plan refers to the plan which is based around the employer who pays a defined sum…

Q: What is a defined benefit postretirement plan?

A: Pension plan:   This is the plan devised by corporations to pay the employees a kind of compensation…

Q: true or false  Only one discount rate is used when measuring the defined benefit obligation under…

A: Defined benefit obligation refers to a form of post-employment benefit plan which provides a base of…

Q: The measurement of defined benefit cost is usually made by a trustee.    a. TRUE   b. FALSE

A: A defined-benefit plan is an employer-sponsored retirement plan in which employee benefits are…

Q: They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences…

A: Retirement plans are segregated into 2 plans Defined Benefit Plan (DBP) Defined Contribution Plan…

Q: Describe the major difference and the major similarity between the vested benefit obligation and the…

A: Differences:   The actual present value obligation of the pension that is payable to the employee is…

Q: What is a Postretirement Benefit Plan?

A:

Q: According to PAS 19, how are other long-term benefits accounted for?

A: Philippine Accounting Standards (PAS) are the set of accounting standards based on the International…

Q: The balance of the present value of defined benefit obligation is affected by all of the following…

A: solution concept The balance of the present value of defined benefit obligation is affected by the…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined benefit obligation means a defined plan of contribution from employer to employees'…

Q: Which of the following transactions would not result in a temporary difference between pretax…

A: Correct option is D. Payment of premiums for life insurance

Q: The projected benefit obligation (PBO) is best described as the a. Present value of benefits accrued…

A:

Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…

A:

Q: How are deductions and losses different? How are they similar? Explain

A: Deductions: As deductions, the existing expenses made for the development of current period profits…

Q: Required: a. if arturito will accept the special order, what is the incrementak benefit(loss)?

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: The following reason out the use of projected salaries as the base of computing the projected…

A: A projected benefit obligation is nothing but an actuarial measurement of present value of future…

Q: How do defined-benefit plans differ from defined contribution plans?

A: For long, pension has been taking care of post-retirement needs of a large section of retirees.…

Q: Which of the following does not increase the Projected Benefit Obligation?   Actuarial loss on…

A: Solution: Following would increase the projected benefit obligation: 1. Actuarial loss on benefit…

Q: The measurement of defined benefit cost is usually made by a trustee.  True or false?

A: Defined-benefit plan: It is an Employer-Sponsored Retirement Plan in which employee benefits are…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined Benefit Obligation: A defined benefit plan is a sort of post-employment benefit that ensures…

Q: Define each of the following terms:a. Lessee; lessor

A: Lessee is a person who holds lease of a property or he is the person who has given  the property On…

Q: he information on the defined benefit plan is provided in the picture. a) What is the net defined…

A: Following table will be prepared for calculation of required information:     Pension Plan…

Q: If the present value of the defined benefit obligation exceeds the fair value of the plan assets,…

A: solution concept If the present value of the defined benefit obligation exceeds the fair value of…