Benefits pursuant to a pension plan that are not contingent upon an employee's continuing service are referred to as: Multiple Choice funded. underfunded. vested. insured. A firm has a $40,000 balance in its pension liability account. This means: Multiple Choice pension expense recognized to date exceeds total contributions to the pension plan to date. the plan is underfunded. accrued pension obligation is less than plan assets at fair value. pension expense recognized to date exceeds plan assets at fair value, A lease containing a purchase option that the lessee is expected to exercise would impact the: Multiple Choice lessee's capitalized cost of the right-of-use asset. dealer's profit in a sales-type lease. incremental target rate of return. residual value guarantee. A change in the salvage value of a depreciable asset should be accounted for as a Multiple Choice O Correction of an accounting error. O Change in accounting entity. Change in accounting principle. Change in accounting estimate. Conceptually, the employer's current pension obligation if the pension plan is discontinued is the: Multiple Choice accrued pension obligation. O vested benefit obligation. accumulated benefit obligation. underfunded pension cost. The vested benefit of an employee in a pension plan represents benefits: Multiple Choice O that are not contingent on the employee continuing in the service of the employer. to be paid to the retired employee in the current year. O accumulated in the pension plan (at fair value). to be paid to the retiring employee in the next year. ABC experienced the following changes in its capital structure during 2014: Outstanding on January 1, 2014, 90 common stock shares Sold 120 common shares on February 1, 2014 Sold 60 common shares on April 1, 2014 Issued a 2 for 1 split on August 1, 2014 ABC's weighted average number of common shares outstanding for 2014 would be: Multiple Choice 315 245. 540. 490