QUESTION 5 Match the type of off balance sheet liability to its definition Guarantees of subsidiary debt Non cancellable leases: obligation is typically calculated by determining the unfunded portion (Projected Benefit Obligations minus Fair Value of Plan Assets as disclosed in financial statements) II. Pre ordered materials with cancellation penalty requiring payment in full Pension liabilities: Non Cancellable purchase obligations: ll this debt-like obligation can be calculated using different methods...typically the present value of future lease payments (discount cash flow method) or 8x rent assumption V. Parent company enters into a legally binding agreement to pay obligations of subsidiary if subsisidary fails to pay