In a recent years financial statements, Procter & Gamble showed an unfunded pension liability of $4,391 million

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In a recent year’s financial statements, Procter & Gamble showed an unfunded pension liability of $4,391 million and a periodic pension cost of $208 million. Explain the meaning of the $4,391 million unfunded pension liability and the $208 million periodic pension cost.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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