Which of the following statements regarding IFRS disclosures for defined benefit pension plans is incorrect?

Most IFRS reporters classify the service cost component of pension cost in operating income.

IFRS reporters must report interest costs and return on plan assets as a part of operating income.

IFRS disclosures and reporting for defined benefit pension plans are similar to those for US GAAP.

Under IFRS, a defined benefit pension plan may be viewed as borrowing from employees.