ASAP PLEASE I WILL GIVE THUMBS UP!!

TRUE OR FALSE:

If a pension plan is underfunded, the company has a net loss-OCI.

Prior service cost recognized as pension expense over a period of several years.

A net gain or net loss affects pension expense only if it exceeds 10% of the pension benefit obligation or 10% of plan assets, whichever is lower.

Pension expense and funding amounts are both accounting decisions.