Final answer:
The Projected Benefit Obligation (PBO) is usually larger out of ABO, VBO, and PBO.
Step-by-step explanation:
Out of ABO, VBO, and PBO, the usually larger one is the Projected Benefit Obligation (PBO).
The Accumulated Benefit Obligation (ABO) represents the present value of benefits for employees based on their years of service and projected salaries.
The Vested Benefit Obligation (VBO) represents the portion of the ABO that is already guaranteed to the employees, typically based on a certain number of years of service.
On the other hand, the Projected Benefit Obligation (PBO) represents the present value of all the benefits employees are expected to receive in the future, considering factors such as salary projections and expected years of service. Therefore, the PBO is usually larger than the ABO and VBO.