1.

All of the following are methods of measuring the pension obligation EXCEPT

vested benefit method.

projected benefit method.

total benefit method.

accumulated benefit method.

2.

All of the following increase the value of plan assets EXCEPT

opening balance of plan assets.

employer contributions.

actual returns.

benefits paid to retirees.

3.

In a defined benefit plan, the funding level depends on all of the following factors except

compensation levels.

interest earnings.

turnover.

age of the employer company.

4.

The lessee, under ASPE, records a capital lease as an asset and a liability at the

total amount of the lease payments.

present value of the lease payments.

lower of the present value of the lease payments and the fair market value of the leased asset.

fair market value of the leased asset at the lease inception.