2016年美国CPA练习题精选：Financial 27

 Under U.S. GAAP, what is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered prior to that date and based on past and current compensation levels only?

a. Accumulated benefit obligation.

b. Interest cost.

c. Service cost.

d. Projected benefit obligation.

答案：A

Explanation

Choice "a" is correct. Under U.S. GAAP, the accumulated benefit obligation is the present value of future retirement payments attributed to the pension benefit formula to employee services rendered prior to a date, based on current and past compensation levels.

Choice "c" is incorrect. Service cost is the present value of all pension benefits earned by company employees in the current year.

Choice "b" is incorrect. Interest cost is the interest on the projected benefit obligation.

Choice "d" is incorrect. The projected benefit obligation is the present value of future retirement payments attributed to the pension benefit formula to employee services rendered prior to a date, based on current and past and (an assumption about) future compensation levels. The only difference between the accumulated benefit obligation and the projected benefit obligation is the assumption of future compensation levels. The projected benefit obligation is used for most pension calculations.