The Funded Status of a Defined Benefit Pension Plan Is

question 31

Multiple Choice

The funded status of a defined benefit pension plan is reported in the balance sheet.

• A) As an asset, if the pension plan is underfunded.
• B) As a liability, if the pension plan is underfunded.
• C) Because it measures the minimum pension plan liability.
• D) When it exceeds the projected benefit obligation.

---

Definitions:

Daily Living

The routine activities that individuals perform every day without assistance, such as eating, bathing, and dressing.

Balances Checkbook

The activity of reconciling one's checkbook ledger with the bank statements to ensure accuracy and consistency in financial records.

Cleans the House

The act of removing dirt, clutter, and unnecessary items, and organizing the living space to maintain cleanliness and order.

Instrumental Activities

Tasks necessary for independent living, such as managing finances, transportation, shopping, and housekeeping, often used to assess functional ability.