The unfunded portion of the obligation to provide pension benefits are reported as liabilities on the balance sheet.

Name: The unfunded portion of the obligation to provide pension benefits are reported as liabilities on the balance sheet.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The unfunded portion of the obligation to provide pension benefits represents the amount of benefits earned by employees that have not yet been funded by the employer. This amount is considered a liability and is reported on the balance sheet.

The Unfunded Portion of the Obligation to Provide Pension Benefits