What basis of accounting for the employers cost of postretirement healthcare and life insurance benefits has been

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What basis of accounting for the employer’s cost of postretirement healthcare and life insurance benefits has been used by most companies, and what basis does the FASB advocate in the future? Explain the basic difference between these methods in recognizing postretirement benefit costs.

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Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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