Which of the following is true of pension termination?

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Which of the following is true of pension termination?

a. Companies can terminate a pension plan whenever they wish to do so.
b. Terminating a pension plan is illegal in U.S.
c. A company must start a new defined benefit plan after it eliminates the old one.
d. FASB requires recognition in earnings of a gain or loss when a pension obligation is settled.

Answer: FASB requires recognition in earnings of a gain or loss when a pension obligation is settled

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