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Kemir Co. has a pay-related defined benefit pension plan in which retirement benefits are calculated based on the retirees average salary for the 5-year period

Kemir Co. has a pay-related defined benefit pension plan in which retirement benefits are calculated based on the retirees average salary for the 5-year period prior to retirement. Which of the following would represent the greatest potential pension liability?

Vested benefit obligation (VBO)

Accumulated benefit obligation (ABO)

Projected benefit obligation (PBO)

Combined benefit obligation (CBO)

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