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Basic Question 3 of 24
A higher discount rate:
B. decreases the ABO.
C. does not affect the ABO.
A. increases the ABO.
B. decreases the ABO.
C. does not affect the ABO.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.

Martin Rockenfeldt
Learning Outcome Statements
explain and calculate how adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements affects financial statements and ratios;
interpret pension plan note disclosures including cash flow related information;
CFA® 2026 Level II Curriculum, Volume 2, Module 11.