what is the difference between Pension Asset and Pension Asset/Liability?
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 A. as accumulated other comprehensive income (PSC). B. pension asset/liability. C. an offset to the liability for prior service cost. D. as other comprehensive income (G/L)
The FASB ASC provides guidance for accounting for the difference between net periodic pension cost and amounts of pension cost considered for rate making purposes as an asset or a liability created by the actions of the regulator. Find, cite, and copy the FASB ASC paragraphs that discuss this issue.
what is relationship between pension benefit and pension asset? what do i get for pbo - pension asset? thank you
BE19-34.Rand.04 Question 1 Not complete Marked out of 1.00 Computing Net Pension Asset (Liability) The following pension-related values are determined on December 31, 2020, for BNW Inc. Account Balances, Dec. 31 2020 Projected benefit obligation $60,000 Accumulated benefit obligation 48,000 Plan assets at fair value 54,000 Accumulated OCIāPrior Service Cost (Dr.) 7,200 Compute the net pension asset (liability) to be recorded on the balance sheet on December 31, 2020. Note: Indicate a liability with a negative sign. Net pension asset...
Describe the difference between a defined benefit pension fund and a defined contribution pension fund. Describe the difference between an insured pension and a noninsured pension fund What type of financial institutions would administer of these?
Distinguish between common-law liability and statutory liability for auditors. What is the basis for the difference in liability? (Chapter: Legal, Regulatory, and Professional Obligations of Auditors)
What is the present value of this liability? Corsair, Inc. has an unfunded pension liability of $640 million that must be paid in 30 years. In order to determine the value of the firms' stock, analyst discount the pension liability back to the present. If the relevant discount rate is 6.6 percent, what is the present value of this liability? X V fx =(640/6.803245) board C D Question 7 E F G H Output area: Input area: Present value 94.07...
help a. What is the difference between a long and short term asset. 1 b. What is the difference between an tangible and intangible asset? 1
the difference between a real asset and financial asset is that:
Please explain the difference between an expense and a liability.