1.A company with a credit balance in its accumulated other comprehensive income (G/L) account must have previously recognized an unexpected gain on their pension plan assets. True False (circle one) If false, explain below or correct above:

2.The corridor approach to amortizing pension gains and losses decreases the volatility of pension expense. True False (circle one) If false, explain below or correct above:

3. Companies that report a net pension liability on their balance sheet have an underfunded pension plan because their projected benefit obligation exceeds the market value of their plan assets. True False (circle one) If false, explain below or correct above:

4. The employee assumes more risk in a defined contribution plan than in a defined benefit plan. True False (circle one) If false, explain below or correct above:

5.Companies report the projected benefit obligation in the liability section of the balance sheet. True False (circle one) If false, explain below or correct above: