The Pension Liability That Must Be Shown on the Balance

question 92

Multiple Choice

The pension liability that must be shown on the balance sheet of the plan sponsor is the

• A)accumulated benefit obligation.
• B)projected benefit obligation.
• C)excess of the accumulated benefit obligation over the plan assets at fair value.
• D)excess of the projected benefit obligation over the fair value of plan assets.

---

Definitions:

Permanent Documents

These refer to documentation or records that are intended to be preserved indefinitely due to their historical, legal, or operational significance.

Nonverbal Communication

Involves the transmission of messages or signals through a non-linguistic means, such as body language, facial expressions, gestures, and posture.

Cross-Cultural

Relating to or involving different cultures, especially regarding comparison, interaction, or exchange.

Tone

The general character or attitude of a place, piece of writing, situation, etc., often setting the mood or atmosphere.