Interest on the liability (or interest expense) is the interest for the period on the projected benefit obligation outstanding during the period.

Name: Interest on the liability (or interest expense) is the interest for the period on the projected benefit obligation outstanding during the period.
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Question

Quizplus · Accepted Answer

Interest on the liability (or interest expense) is indeed calculated based on the projected benefit obligation outstanding during the period, reflecting the time value of money on the obligation.

Interest on the Liability (Or Interest Expense) Is the Interest