In a recent years financial statements, Procter & Gamble (PG) showed an unfunded pension liability of $5,622

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In a recent year’s financial statements, Procter & Gamble (PG) showed an unfunded pension liability of $5,622 million and a periodic pension cost of $139 million. Explain the meaning of the $5,622 million unfunded pension liability and the $139 million periodic pension cost.

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Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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