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

The correct answer is 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.

Step-by-step explanation:

The correct answer is 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. The notes to the financial statements typically include information about a company's pension plan, including the projected benefit obligation, fair value of plan assets, expected benefit payments, and expected contributions. However, the 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 is not typically disclosed in the notes. This information would usually be found in the pension plan's financial statements or footnotes.