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    Financial Accounting A User Perspective
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    Exam 10: Long-Term Liabilities
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    If the Assets in the Pension Fund Exceed the Present
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If the Assets in the Pension Fund Exceed the Present

Question 18

Question 18

Multiple Choice

If the assets in the pension fund exceed the present value of future pension obligations, the pension fund is described as:


A) fully funded.
B) underfunded.
C) partially funded
D) overfunded.

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