Search the FASB ASC database for answers to the following questions. For each question, cut and paste your findings, citing the source. Then write a brief summary response to the question asked.
1. What is the difference between a settlement and a curtailment of a defined benefit pension plan? Give an example of each.
2. Can a settlement and a curtailment occur simultaneously? If so, give an example.
3. How would a company compute the maximum gain or loss to recognize when a settlement occurs?
4. How would a company treat any remaining unrecognized prior service cost under a curtailment?