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True or False 6. The balance of the pension plan asset can change due to investment returns, employer contributions and the payment of benefits to

True or False

6. The balance of the pension plan asset can change due to investment returns, employer contributions and the payment of benefits to retirees.

7. Shareholders who own participating preferred shares are allowed to vote on the same corporate matters as common shareholders.

8. Pension plan reporting requires the projected benefit obligation and the plan asset to be reported separately on the balance sheet.

9. Accumulated other comprehensive income includes unrealized gains and losses on equity securities.

10. Preferred stock has preferences as to dividends and voting rights.

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