The projected benefit obligation study

40) In accounting for a pension plan, any difference between the to expense and the payments into the fund should be reported as

A. a charge or credit to unrealized appreciation and depreciation
B. an offset to the liability for prior service cost
C. accrued or prepaid pension cost
D. an accrued actuarial liability

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41) The is the measure of pension obligation that

A. is NOT sanctioned under generally accepted accounting principles for reporting the of pension expense
B. is required to be used for reporting the service cost component of pension expense
C. requires pension expense to be determined solely on the basis of the to years of service to date and based on existing salary levels
D. requires the for funding to maximize the tax deduction

42) The relationship between the amount funded and the amount reported for pension expense is as follows:

A. pension expense may be greater than, equal to, or less than the amount funded
B. pension expense must equal the amount funded
C. pension expense will be less than the amount funded
D. pension expense will be more than the amount funded

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