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Two points on L1 and two points on L2 are given. Use the slope formula to determine if lines L1 and L2 are parallel, perpendicular, or neither. L1: (9, 2) and (3, -8)
L2: (5, 5) and (-5, -1)
Pension Expense
The cost to a company for maintaining a defined benefit pension plan, including service cost, interest cost, expected return on plan assets, and any amortization of past service costs.
Pension Funding
The process of accumulating financial resources to cover obligations for pension plans, ensuring funds are available for retirement benefits.
Accumulated Benefit Obligation
The actuarial present value of all future pension benefits earned to date, based on current salary levels, without assuming future salary increases.
Pension Liability
The financial obligation a company has to provide its employees with pension benefits, representing the difference between the total amount due to retirees and the amount of funds the company has set aside to cover these costs.
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