PLEASE I NEED YOUR HELP RIGHT NOW FOR THESE 2 QUESTIONS

1. Conceptually, the employer's current pension obligation if the pension plan is discontinued is the:

Multiple Choice

• accumulated benefit obligation.

• accrued pension obligation.

• underfunded pension cost.

• vested benefit obligation.

2.

A change in the salvage value of a depreciable asset should be accounted for as a:

Multiple Choice

• Correction of an accounting error.

• Change in accounting principle.

• Change in accounting entity.

• Change in accounting estimate.