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Which Statement Is Correct

Question 69

Multiple Choice

Which statement is correct?


A) The defined benefit liability or asset must be separately identified on the income statement.
B) The components of pension expense must be disclosed in the notes to the statements.
C) The defined benefit liability or asset must be separately identified on the balance sheet.
D) Pension asset/liability amounts can be offset if a company has more than one benefit plan.

Correct Answer:

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