Current accounting standards require that the discount rate used for pension plans be: Multiple Choice estimated future average market rates. the rates at which the pension benefits could effectively be settled. current market rate for the year. the average market rate since the beginning of the plan.
Current accounting standards require that the discount rate used for pension plans be: Multiple Choice estimated future average market rates. the rates at which the pension benefits could effectively be settled. current market rate for the year. the average market rate since the beginning of the plan.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Current accounting standards require that the discount rate used for pension plans be:
Multiple Choice
-
estimated future average market rates.
-
the rates at which the pension benefits could effectively be settled.
-
current market rate for the year.
-
the average market rate since the beginning of the plan.
Expert Solution
Introduction
As per IAS 19 discount rate used for pension plans be considered as following
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