Question: What is prior service cost ( PSC ) ? a . The cost of providing retroactive benefits to employees for services provided in prior years

What is prior service cost (PSC)?
a. The cost of providing retroactive benefits to employees for services provided in prior years
b. The cost of benefits provided to employees for services rendered during the current year
c. The cost of benefits paid to retirees during the year
d. The cost of contributions made to the pension plan

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