Question

All of the following information should be disclosed in the notes to the financial statements except

a. the major components of pension expense
b. a reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period
c. the funded status of the plan and the amounts recognized in the financial statements
d. all of the options are disclosed

Answer 1

All of the options should be disclosed except option (d).

Step-by-step explanation:

In the notes to the financial statements, all of the options listed should be disclosed except (d) all of the options are disclosed. The notes to the financial statements provide additional information and details about the financial statements, including pension plans. Therefore, options (a) the major components of pension expense, (b) a reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period, and (c) the funded status of the plan and the amounts recognized in the financial statements, should all be disclosed in the notes.