For a defined benefit plan,if the fair value of the plan's assets match the expected payout to employees no further liabilities would exist.

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This statement is true. If the fair value of the plan's assets match the expected payout to employees, it means that the plan has enough assets to cover its liabilities and there are no further liabilities. However, if the fair value of the plan's assets is less than the expected payout to employees, the plan would have an underfunded status and additional liabilities would exist.

For a Defined Benefit Plan,if the Fair Value of the Plan's