Mercer, Inc., maintains a defined benefit pension plan for its employees. As of December 31, the fair value of the plan assets is less than the accumulated benefit obligation and less than the projected benefit obligation. The PBO exceeds the ABO. In its balance sheet as of December 31, Mercer should report a liability for pension benefits in the amount of the Excess of the ABO over the fair value of the plan assets. Excess of the PBO over the fair value of the plan assets. PBO. ABO.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?