When a company amends a pension plan, for accounting purposes, prior service costs should be O...

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When a company amends a pension plan, for accounting purposes, prior service costs should be O treated as a prior period adjustment because no future periods are benefited. O amortized in accordance with procedures used for income tax purposes. reported as an expense in the period the plan is amended. O recorded in other comprehensive income (PSC). When a company amends a pension plan, for accounting purposes, prior service costs should be O treated as a prior period adjustment because no future periods are benefited. O amortized in accordance with procedures used for income tax purposes. reported as an expense in the period the plan is amended. O recorded in other comprehensive income (PSC).

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Answer b amortized in accordance with procedures used for income tax purposes explanation Prior ... View the full answer