Instructions Examine the pension footnotes of three companies of your choice and answer the following questions.

(a) For each company, identify the following three assumptions: (1) the weighted-average discount rate,

(2) the rate of compensation increase used to measure the projected benefit obligation, and (3) the weighted-average expected long-run rate of return on plan assets.

(b) Comment on any significant differences between the assumptions used by each company.

(c) Did any of the companies change their assumptions during the period covered by the footnote? If so, what was the effect on the financial statements?