According to note 15 in its 10-K, Boeing Company, the aircraft and aerospace manufacturer, had pension obligations

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According to note 15 in its 10-K, Boeing Company, the aircraft and aerospace manufacturer, had pension obligations of $67,651 million and obligations for postretirement benefits other than pensions of $7,997 million at the end of 2011. The fair value of plan assets in the pension plan was $51,051 million, and the fair value of plan assets for postretirement benefits other than pensions was $102 million. A total retained earnings was $27,524 million. The total market value of Boeing common stock was approximately $53.33 billion in June 2012.
1. Comment on the confidence that employees might have about receiving the benefits due to them.
2. Recognizing pensions and other postretirement benefits as liabilities on the balance sheet has been a controversial topic. Do you think this is important information to disclose to share-holders? Why or why not?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For  book-img-for-question

Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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