Which of the following is a requirement under IFRS but not under U.S. GAAP? Select one: 

a. Companies must report the funded status of their defined benefit pension plans on the balance sheet.

 b. Companies must include interest cost as part of pension expenses. 

c. Companies must recognize the cost of plan amendments immediately in income.

d. Companies must report current period pension expense on the income statement. Rosebud Corp. reported the following items in the 2019 pension footnote for its defined benefit plan. Service cost ............................................. $1,610 Benefits paid to retirees ............................ 220 Interest cost ............................................. 780 Actual returns on pension plan assets ........ 1,140 Expected returns on pension plan assets .... 1,200 Amortization of deferred costs ............. 

62 

How much is the company's pension expense for the year? 

Select one: A. $452 B. $1,252 C. $328 D. $4,212

Answer rating: 100% (QA)

1 Answer C companies must recognize the cost of plan amendment immediately in income Explanation ... View the full answer