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yawa3891 [41]
3 years ago
10

seigel co. maintains a defined-benefit pension plan for its employees. at each balance sheet date, seigel should report a pensio

n asset / liability equal to the
Business
1 answer:
Lemur [1.5K]3 years ago
4 0

Answer: funded status relative to the projected benefit obligation

Explanation:

A defined benefit pension plan is a pension plan type in which the employer promises to pay the worker a lump sum or a pension payment which is based on the earnings history, age and the tenure of service of the worker.

Since Seigel co. maintains a defined-benefit pension plan for its employees. at each balance sheet date, seigel should report a pension asset/liability that will be equal to the funded status relative to the projected benefit obligation.

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E) Congressional incumbents

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