Problem
1. Explain how previous pension accounting standards were based on a revenue-expense approach to the financial statements.
2. Why did APB Opinion No.8 only minimally improve uniformity between companies?
3. Is the treatment of unrecognized prior service cost and actuarial gains/ losses in SFA.s No. 87 an example of the asset-liability of revenue-expense orientation?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.