Which of the following information should be disclosed by a company providing healthcare benefits to its retirees?

I. The assumed healthcare cost trend rate used to measure the expected cost of benefits covered by the plan
II. The accumulated postretirement benefit obligation (APBO)

The correct answer is I and II

Explanation: Employers’ disclosures about pensions and benefits include the assumed healthcare cost trend rate used to measure the expected cost of benefits covered by the plan  and the accumulated postretirement benefit obligation (APBO).

the question deals with financial planning and the answer is that dan did not stay on budget due to the fact that this guy needs to start decreasing his discretionary spending. according to the financial plan, he needed to balance his expenses and resources.