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SVETLANKA909090 [29]
4 years ago
7

According to the FASB, recognition of a liability is required when the projected benefit obligation exceeds the fair value of pl

an assets. Conversely, when the fair value of plan assets exceeds the projected benefit obligation, the Board
a. requires recognition of an asset.
b. requires recognition of an asset if the excess fair value of plan assets exceeds the corridor amount.
c. recommends recognition of an asset but does not require such recognition.
d. does not permit recognition of an asset.
Business
1 answer:
guapka [62]4 years ago
4 0

Answer:

a. requires recognition of an asset.

Explanation:

If the fair value of plan assets exceeds the projected benefit obligation of the plan, an asset is recognized equal to the net overfunded projected benefit obligation.

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internal disclosure controls and procedures.

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"Internal disclosure controls and procedures" is a new term created by the Sarbanes-Oxley Act of 2002 and it refers to controls and procedures that must be setup by top management of a corporation in order to ensure that the information it discloses under the Securities Exchange Act is properly recorded, processed, summarized and reported.

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Though I have no experience in business, I would say it is True.
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4 years ago
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Development of perfomance standards.

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3 0
3 years ago
What term defines the prescribed forms and practices of appropriate behavior?.
Anastaziya [24]

The term that defines the prescribed forms and practices of appropriate behavior is called etiquette.

<h3>What is etiquette?</h3>

Etiquette are behavior expected to be complied with people. It means acceptable standard of behavior in the society.

Hence, the term that defines the prescribed forms and practices of appropriate behavior is called etiquette.

Learn more about etiquette here : brainly.com/question/5718637

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4 0
2 years ago
The famous designer, Isaac Mizrahi, made a scheduled appearance at Borders bookstore in Mall of America to sign copies of his bo
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