Question: Question 8 In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be

 Question 8 In accounting for a pension plan, any difference between

Question 8 In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be reported as O pension asset/liability (PAL) an accumulated other comprehensive income (AOCI) as prior service costs(PSC) O as other comprehensive income(OCT)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!