A major difference between accounting for pension plans and accounting for other postretirement benefit plans is that:
A. postretirement benefit plans other than pensions do not create a liability to be shown on the plan sponsor's balance sheet.
B. postretirement benefit plans other than pensions are not required to be funded.
C. there is no accumulated postretirement benefit obligation for other postretirement plans other than pensions
D. postretirement benefit plans other than pensions do not deduct the return on plan assets when funded.
Answer: B
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