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  3. 32. an underfunded pension plan means that the: a.

32. An underfunded pension plan means that the: A. PBO is less than plan assets....

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Question

Accounting

32. An underfunded pension plan means that the:

A. PBO is less than plan assets.

B. PBO exceeds plan assets.

C. ABO is less than plan assets.

D. ABO exceeds plan assets.

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