What are pension liabilities?
a. Future liabilities resulting from pension commitments made by a corporation.
b. Unreasonable relationships between interest expense and recorded liabilities.
c. Liabilities that can be used to fraudulently misstate financial statements by underestimating the probability of occurrence.
d. A fund that is established for the payment of retirement benefits by the insurance company.
a
FEEDBACK: a. Correct. Accounting for pension liabilities varies widely by country.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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