The Projected Benefit Obligation Is the Measure of Pension Obligation

question 63

Multiple Choice

The projected benefit obligation is the measure of pension obligation that

• A) is the only allowable estimate for reporting the service cost component of pension expense.
• B) is not an allowable estimate for reporting the service cost component of pension expense for defined benefit plans.
• C) is one of several allowable estimates for reporting the service cost component of pension expense.
• D) can no longer be used under GAAP as an estimate for reporting the service cost component of pension expense

---

Definitions:

Supply Chain Process

The series of steps involved in producing and distributing goods or services, from raw material acquisition to delivery to the end user.

Optimization

The action or process of making something as fully perfect, functional, or effective as possible, often through mathematical or computational techniques.