Question: Currently, two approaches are available for private enterprises: the immediate recognition approach and the deferral and amortization approach. Instructions Describe the advantages and disadvantages of

Currently, two approaches are available for private enterprises: the immediate recognition approach and the deferral and amortization approach.
Instructions
Describe the advantages and disadvantages of the immediate recognition approach and the deferral and amortization approach. Explain any differences in the impact on the earnings and statement of financial position.

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The immediate recognition approach recognizes all changes to the funded status of the plan immediately into income and the funded status is reported on the statement of financial position The accrued ... View full answer

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