When the value of pension plan assets is greater than the projected benefit obligation, a. the difference
Question:
When the value of pension plan assets is greater than the projected benefit obligation,
a. the difference is added to pension expense.
b. the difference is reported as deferred pension cost.
c. the difference is reported as a contra equity adjustment.
d. the pension plan is overfunded.
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The correct answer is d the pension plan is overfunded When the value of pension plan assets is grea...View the full answer
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Related Book For 
Financial Accounting
ISBN: 9781618531650
5th Edition
Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman
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