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48. Which of the following statements is correct? a. There is an account titled Pension Asset / Liability b. There is an account titled Defined

48.

Which of the following statements is correct?

a.

There is an account titled Pension Asset / Liability

b.

There is an account titled Defined Benefit Obligation

c.

Unrecognized net gain or loss should be reported in the liability section of the balance sheet

d.

Other comprehensive income (PSC) should be included in net income

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