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Consider the following: 1 Present value of vested benefits at present pay levels 2. Present value of nonvested benefits at present pay levels. 3. Present
Consider the following:
1 Present value of vested benefits at present pay levels
2. Present value of nonvested benefits at present pay levels.
3. Present value of additional benefits related to projected pay increases.
Which of the above constitutes the vested benefit obligation?
a. 1&2
b. 1 only
c. 2 only
d 1 2 & 3
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
