The accumulated benefit obligation (ABO) is equal to the X actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using anticipated future salary levels in the pension plan formula difference between the annual pension expense and the amount actually funded during the year actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using current salary levels in the pension plan formula For a sales-type lease, cost of asset leased is valued by the lessor at the recorded cost assigned to the inventory less the present value of the unguaranteed residual value of the leased property accruing to the benefit of the lessor. the recorded cost assigned to the inventory less the present value of the guaranteed residual value of the leased property accruing to the benefit of the lessor. X the recorded cost assigned to the inventory less the undiscounted value of the unguaranteed residual value of the leased property accruing to the benefit of the lessor. the recorded cost assigned to the inventory less the undiscounted value of the guaranteed residual value of the leased property accruing to the benefit of the lessor. One of the distinguishing characteristics of a direct financing lease is that X the lease has two sources of earnings: interest revenue and profit or loss from the asset exchange. 3 the lessor is normally a dealer or manufacturer. the property related to the lease remains on the lessor's balance sheet during the term of the lease. the net investment in the lease is equal to the cost of the asset or carrying value of the asset. 4 For which one of the following components is earnings per share information required to be presented on the income statement? x discontinued operations income from continuing operations cumulative effect of a change in accounting principle operating income