Which of the following is a requirement under IFRS but not under U.S. GAAP?

Select one:

a. Companies must report the funded status of their defined benefit pension plans on the balance sheet.

b. Companies must include interest cost as part of pension expense.

c. Companies must recognize the cost of plan amendments immediately in income.

d. Companies must report current period pension expense on the income statement.

Rosebud Corp. reported the following items in the 2019 pension footnote for its defined benefit plan.

Service cost .............................................	$1,610
Benefits paid to retirees ............................	220
Interest cost .............................................	780
Actual returns on pension plan assets ........	1,140
Expected returns on pension plan assets ....	1,200
Amortization of deferred costs .............	62

How much is the company's pension expense for the year?

Select one:

A. $452

B. $1,252

C. $328

D. $4,212

If Eve Company buys 26% of Adam Companys stock, and pays $4,000 more than current book value for these shares, what percentage of Adam Companys shareholder equity belongs to Eve Company?

Select one:

A. 26%

B. It depends on the dollar value of total shareholders' equity for Adam Company

C. 35%

D. 25%

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