Question

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

a. reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed from the beginning to the end of the period
b. the expected benefit payments to be paid to current plan participants for each of the next five fiscal years
c. a company's best estimate of expected contributions to be paid to the plan during the next year
d. all of the above are correct

Answer 1

All of the mentioned pension information should be disclosed in the notes to the financial statements.

Step-by-step explanation:

The correct answer is d. all of the above are correct. All of the mentioned pension information should be disclosed in the notes to the financial statements. The notes to the financial statements provide additional information about the pension plans to ensure transparency and accountability.

This includes a reconciliation of the projected benefit obligation and the fair value of the plan assets, expected benefit payments for the next five years, and the company's estimates of contribution payments for the next year.