When a Company's Balance Sheet Includes a Long-Term Pension Liability

question 86

True/False

When a company's balance sheet includes a long-term pension liability, the company's pension plan is under-funded.

---

Definitions:

Soccer league

Organized competitions of soccer (football) teams within specific regions or levels, ranging from amateur to professional play globally.

Tie strength

Describes the closeness and intimacy of relationships between individuals, ranging from weak ties like acquaintances to strong ties such as close family members.

Weak ties

Social connections that are not closely knit or emotionally close, but can provide valuable information and opportunities not available in one's immediate social circle.

Personal contacts

Direct personal interactions and connections between individuals, often used for communication, networking, or support.