Please assist in answering the following and provide references:
Question 1. Can anyone explain why pension accounting is totally at the whim of the corporation? Given that they are free to select their anticipated growth on investment, it seems this figure could be jockeyed to suit the balance sheet.
Question 2. I would like to have more clarification on the two formats of an income statement. Are there certain situations that would make it beneficial to use one format versus the other? Does one format contain more detailed information than the other? Does one format contain more general information than the other? I feel that further clarification on these formats would benefit the class.