An overfunded pension plan means that:
A. PBO is less than plan assets.
B. PBO exceeds plan assets.
C. ABO is less than plan assets.
D. ABO exceeds plan assets.
Answer:A
An overfunded pension plan means that:
A. PBO is less than plan assets. B. PBO exceeds plan assets. C. ABO is less than plan assets. D. ABO exceeds plan assets.