Postretirment benefit plans are not required to be funded, Accounting Basics

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Postretirment benefit plans are not required to be funded

A major difference between accounting for postretirment benefit plans and pension plans is that:

a. postretirment benefit plans are not required to be funded
b. postretirment benefit plans do not need to show a liability for accumulated postretirement beenfit obligation on the plan sponsors balance sheet
c. postretirment benefit plans do not deduct the return of plan assets when funded
d. there is no accumulated postretirement benefit obligation

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Accounting Basics: Postretirment benefit plans are not required to be funded

Reference No:- TGS0713193

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Accounting Basics: Postretirment benefit plans are not required to be funded

Reference No:- TGS0713193

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find the gauge pressure at a second point in the line

Q : The minimum pension liability

Q : How individual fixed overhead items are controlled

Q : Find work performed by gas-increase-internal energy of gas

Q : Postretirment benefit plans are not required to be funded

Q : Gauge pressure must a pump produce to pump water

Q : When cost formulas are based on more than one cost driver

Q : Based on the above information

Q : How many excess electrons does the drop have

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Postretirment benefit plans are not required to be funded

Reference No:- TGS0713193

Recent Questions Asked Accounting Basics

Q : Find the gauge pressure at a second point in the line

Q : The minimum pension liability

Q : How individual fixed overhead items are controlled

Q : Find work performed by gas-increase-internal energy of gas

Q : Postretirment benefit plans are not required to be funded

Q : Gauge pressure must a pump produce to pump water

Q : When cost formulas are based on more than one cost driver

Q : Based on the above information

Q : How many excess electrons does the drop have

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