What is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered prior to that date only?

A. Service cost.

B. Interest cost.

C. Projected benefit obligation.

D. Accumulated benefit obligation.

Question

Karma Mosley

Business

24 July, 20:38

What is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered prior to that date only?

A. Service cost.

B. Interest cost.

C. Projected benefit obligation.

D. Accumulated benefit obligation.

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Answers (1)

Know the Answer?

Brett Green · Answer 1

The correct answer is d) Accomulated benefit obligation

Explanation:

Accumulated benefit obligation is the present value of all unpaid future retirement profits as of the balance sheet date based on the actual salary levels and the service rendered to that date.

What is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered prior to that date only?A. Service cost.B. Interest cost.C. Projected benefit obligation.D. Accumulated benefit obligation.

What is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered prior to that date only?

A. Service cost.

B. Interest cost.

C. Projected benefit obligation.

D. Accumulated benefit obligation.