Assume a pension plan's actuarially-computed liabilities are ...

[awywial]

Assume a pension plan's actuarially-computed liabilities are greater than the actuarial value of the assets.
 
  How does this difference between assets and liabilities affect the actuarially determined contribution to the pension plan required for the following year?
   a. It does not enter into the actuary's calculation if the actuarial value of plan assets exceeds their aggregate cost
   b. It is not considered in establishing the required contribution, but it is disclosed in the schedule of funding progress
   c. The entire amount of the unfunded actuarially accrued liability is included in the next year's required contribution to show good faith to retirees
   d. A portion of the unfunded actuarial accrued liability is included in the next year's contribution by means of an amortization process

Question 2

The means by which the accounting system collects, summarizes, and reports accounting information is calledinformation
 a. reporting methods
  b. accounting methods
  c. control methods
  d. processing methods

[vickyvicksss]

Answer to Question 1

d

Answer to Question 2

d

[awywial]

Gracias!

[Bigfoot1984]

TYSM