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    Financial Accounting Study Set 21
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    Exam 10: Long-Term Liabilities
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    Pension Funds Are Described as Underfunded If the Value of the Pensions
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Pension Funds Are Described as Underfunded If the Value of the Pensions

Question 13

Question 13

True/False

Pension funds are described as underfunded if the value of the pensions fund assets is less than the present value of the future pension obligations.

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