Question

Companies must disclose a reconciliation of how the projected benefit obligation and the fair value of plan assets changed during the year either in their financial statements or in the notes.

a.True
b.False

Answer 1

Companies must disclose a reconciliation of how the projected benefit obligation and the fair value of plan assets changed during the year in their financial statements or in the notes.

Step-by-step explanation:

The statement provided in the question is true. Companies must disclose a reconciliation of how the projected benefit obligation and the fair value of plan assets changed during the year either in their financial statements or in the notes.