Question

Which of the following defined benefit pension plan disclosures should be made in a company's financial statements? I. The funded status of the plan. II. The amount of net periodic pension cost for the period. III. The fair value of plan assets.

Answer 1

Answer:

II. The amount of net periodic pension cost for the period.

III. The fair value of plan assets.

Explanation:

All of the below defined benefit pension plan disclosures should be made in a company's financial statements

I. A description of the company's funding policies and types of assets held.

II. The amount of net periodic pension cost for the period.

III. The fair value of plan assets

from the information provided, the answers are II and III