Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Service cost
A)Included in the calculation of pension expense.
B)Retirement benefits specified by formula.
C)Reduce(s) both the PBO and plan assets.
D)Protection for employee pension rights.
E)Reported as a shareholders' equity account.

Question

Quizplus · Accepted Answer

Service cost is a component of pension expense, which reflects the increase in pension benefits due to an employee's service in the current period.

Listed Below Are Five Terms Followed by a List of Phrases