Indicate with the appropriate letter the nature of each situation described below: type of change pr change in principle reported retrospectively pp change in principle reported prospectively e change in estimate ep change in estimate resulting from a change in principle r change in reporting entity n not an accounting change

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

The largest elements of community corrections are

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)