Which of the following is true?
A. A projected benefits approach is used to determine minimum pension liability.
B. An accumulated benefits approach is used to determine the periodic pension expense.
C. A vested benefits approach is used to determine the periodic pension expense.
D. An accumulated benefits approach is used to determine the minimum pension liability.
Answer:D
Which of the following is true?
A. A projected benefits approach is used to determine minimum pension liability. B. An accumulated benefits approach is used to determine the periodic pension expense. C. A vested benefits approach is used to determine the periodic pension expense. D. An accumulated benefits approach is used to determine the minimum pension liability.