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Homework answers / question archive / Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans
Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans. 11.B. Is that federal agency known for being structurally sound (solvent) or "at risk" itself for insolvency? 11.C. What cost is imposed on workers by this agency as part of the bargain to keep (part of their pension benefits?
9 The AOCI account is used to temporarily shield the Income Statement from wild unexpected swings related to pension acturial assumptions, market returns and changes in plans. What is the name of this Income Statement strategy, meant also to minimizs the disruption in Earnings in any one given year. 10 In accounting jargon what is the label for the expense representing the current period pension cost that must be accrued for this year's work by each employee. 11.A. Name the federal agency that, under certain circumstances, is required by bankruptcy courts to assume the responsibility for corporate defined benefit plans. 11.B. Is that federal agency known for being structurally sound (solvent) or "at risk" itself for insolvency? 11.C. What cost is imposed on workers by this agency as part of the bargain to keep (part of their pension benefits?
solution:
9.accumulated other comprehensive income
10.service cost
11 .
a). pension benefit guarantee corporation
b). solvent