When the value of pension plan assets is greater than the projected benefit obligation, a. the difference

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When the value of pension plan assets is greater than the projected benefit obligation,

a. the difference is added to pension expense.

b. the difference is reported as deferred pension cost.

c. the difference is reported as a contra equity adjustment.

d. the pension plan is overfunded.

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Financial Accounting

ISBN: 9781618531650

5th Edition

Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman

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Question Posted: May 16, 2024 08:00 AM

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When the value of pension plan assets is greater than the projected benefit obligation, a. the difference

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The correct answer is d the pension plan is overfunded When the value of pension plan assets is grea...View the full answer

Financial Accounting

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