Question

SFAS No. 87 required that projected benefits be used to measure pension expense, but it allowed companies to report a minimum liability on the balance sheet using accumulated benefits. The result was that financial statements were not articulated. For the following debate, relate your arguments to the conceptual framework, where appropriate.
Team Debate:
Team 1: Argue in favor of articulation between the balance sheet and the in-come statement.
Team 2: Argue against articulation between the balance sheet and the income statement.



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  • CreatedDecember 17, 2014
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