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.
-Retiree benefits paid
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

Retiree benefits paid reduce both the Projected Benefit Obligation (PBO) and the plan assets, as they are the actual payments made to retirees from the pension plan.

Listed Below Are Five Terms Followed by a List of Phrases