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Defined benefit pension commitments often represent a company's largest single financial liability. IAS 19 was amended as of January, 2014. What does this amendment require?
A. That any existing deficit of a pension fund be detailed in the financial statement
B. That any projected deficit of a pension fund be detailed in the financial statement
C. That surplus or deficit of a pension fund be detailed in the financial statement
D. That companies state whether they have a defined benefit or defined contribution plan in the financial statement
Answer: C
Which of the following statements about macroeconomic policy objectives is correct?
A. The pursuit of economic growth inevitably increases unemployment
B. Expanding demand to reduce unemployment may mean that the balance of payments worsens
C. Conflicts between objectives mean that macroeconomic policy can never be regarded as successful
D. Governments always regard control of inflation as the most important policy objective
Answer: B
A. Option D
B. Option B
C. Option A
D. Option C
Answer: C
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