Question: PLEASE I NEED YOUR HELP RIGHT NOW FOR THESE 2 QUESTIONS 1. Conceptually, the employer's current pension obligation if the pension plan is discontinued is

PLEASE I NEED YOUR HELP RIGHT NOW FOR THESE 2 QUESTIONS

1. Conceptually, the employer's current pension obligation if the pension plan is discontinued is the:

Multiple Choice

  • accumulated benefit obligation.

  • accrued pension obligation.

  • underfunded pension cost.

  • vested benefit obligation.

2.

A change in the salvage value of a depreciable asset should be accounted for as a:

Multiple Choice

  • Correction of an accounting error.

  • Change in accounting principle.

  • Change in accounting entity.

  • Change in accounting estimate.

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