20. Which of the following disclosures of pension plan information would not normally be required? a. The major components of pension expense b. The amount of past service cost changed or credited in previous years. c. The funded status of the plan and the amounts recognized in the financial statements d. The rates used in measuring the benefit amounts

21. Differences between pensions and postretirement benefits include all of the following except a. Postretirement healthcare benefits are generally uncapped while pensions are generally well-defined. b. Postretirement healthcare benefits are generally paid as needed and used, whereas pension benefits are generally paid monthly. c. Postretirement healthcare benefits are generally paid only to the retiree while, pensions are generally paid to the retiree, the spouse, and other dependents. d. Postretirement healthcare benefits are generally not funded while pensions are generally funded.

25. In order to properly record a direct-financing lease, the lessor needs to know how to calculate the lease receivable. The lease receivable in a direct-financing lease is best defined as a. the amount of funds the lessor has tied up in the asset which is the subject of the direct-financing lease. b. the difference between the lease payments receivable and the fair value of the leased property. c. the present value of minimum lease payments. d. the total book value of the asset less any accumulated depreciation recorded by the lessor prior to the lease agreement.