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mohsin hamed
on Nov 13, 2024

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Depending on when an unfunded pension liability is to be paid, it will be classified on the balance sheet as either a long-term or a current liability.

Unfunded Pension Liability

A pension plan's financial shortfall when the projected retirement benefits obligations exceed the current assets available to fund them.

Long-Term Liability

A financial obligation of a company that is due more than one year in the future.

Current Liability

Financial obligations or debts that a company is expected to pay within one year, including accounts payable, wages, and short-term loans.

  • Comprehend the identification and categorization of liabilities in the balance sheet.
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Nathan BasalduaNov 16, 2024
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