The difference between the accumulated benefit obligation $($ABO$)$ and the projected benefit

obligation $($PBO$)$ is:

the PBO takes into account mortality rates of employees and the ABO does not.

the PBO takes into account future pay increases and the ABO does not.

the PBO takes into account the time value of money and the ABO does not.

the PBO considers non$-$vested obligations and the ABO does not.

Question $6(0\mathrm{.}5$ points$)$

Which of the following would be found listed as a liability on a company's balance sheet?

Postretirement benefits other than pension obligation

Purchase Commitment obligation

Projected benefit obligation

Operating lease obligations