CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

The approach adopted by the accounting profession to measure a firm's pension obligation is the:
A. vested benefit obligation.
B. accumulated benefit obligation.
C. projected benefit obligation.
Explanation: SFAS 87 measures use of the PBO to measure the pension obligation and SFAS 132 disclosures are based on the PBO as well.

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