2016年美国CPA练习题精选：Financial 29

 An entity sponsors a defined benefit pension plan that is underfunded by $800,000. A $500,000 increase in the fair value of plan assets would have which of the following effects on the financial statements of the entity?

a. A decrease in accumulated other comprehensive income of the entity for the full amount of the increase in the value of the assets.

b. An increase in the assets of the entity.

c. An increase in accumulated other comprehensive income of the entity for the full amount of the increase in the value of the assets.

d. A decrease in the liabilities of the entity.

答案：D

Explanation

Choice "d" is correct. The funded status of a pension plan is equivalent to the fair value of plan assets less the projected benefit obligation. For this plan, the projected benefit obligation exceeds the fair value of plan assets by $800,000 and therefore is reported as a liability. An increase of $500,000 will still leave the plan underfunded by $300,000, which means the increase will only help to decrease the liability.

Choice "b" is incorrect. The plan is on the books as a liability, and a $500,000 increase is not enough to make it an asset. 

Choices "c" and "a" are incorrect. Accumulated other comprehensive income is not increased or decreased by the full increase in the fair value of plan assets during the period.