Question 22&23

Question 22 1 pts The accumulated benefit obligation measures The pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels The pension obligation on the basis of the plan formula applied to years of service to date based on future salary levels C. An estimated total benefit at retirement and then computes the level cost that will be sufficient, together with interest expected to accumulate at the assumed rate, to provide the total benefits at retirement. D. The pension obligation on the basis of the plan formula applied to employees vested in the plan applied to their years of service to date and based on future salary levels D Question 23 1 pts In a defined-benefit plan, the process of funding refers to Determining the projected benefit obligation Determining the accumulated benefit obligation Making the periodic contributions to a funding agency to ensure that funds are available to meet retirees' claims Determining the amount that might be reported for pension expense