Multiple Choice
If a company estimates that its expected return on pension plan assets will increase to 9.5% from 9.0%, this would be considered:
A) an extraordinary gain.
B) a change in accounting principle.
C) a prior period adjustment.
D) a change in accounting estimate.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: Many companies have significant deferred taxes. Deferred
Q71: Which of the following combinations of
Q72: Comprehensive income reflects nearly all changes to
Q73: Exoil recorded an expense and corresponding liability
Q74: Revenue from sales where the buyer has
Q76: The capitalization of interest costs during construction
Q77: Which of the following will cause the
Q78: For each of these nonrecurring items give
Q79: Revenues are earned inflows that arise from
Q80: Extraordinary items are defined as those that