Question: Today, defined benefit plans are often underfunded as disclosed on the financial statements. What are some of the estimates that are used in determining whether

Today, defined benefit plans are often underfunded as disclosed on the financial statements. What are some of the estimates that are used in determining whether underfunding has occurred or not? Do you believe that current disclosure requirements for pension accounting are adequate? Why or why not? You may use either GAAP and/or IFRS for your discussion on this topic.

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