Companies Must Include a Net Long-Term Liability on Its Balance

question 117

Multiple Choice

Companies must include a net long-term liability on its balance sheet for pensions if

• A)the pension expense is more than the pension liability.
• B)the fair value of the pension obligation is more than the cash invested yearly.
• C)the fair value of the pension obligation is less than the cash invested yearly.
• D)the fair value of the pension fund assets are less than the pension obligations.
• E)the fair value of the pension fund assets are greater than the pension obligations.

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