Because a company never knows how much it will have to pay for pensions, no pension liability

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“Because a company never knows how much it will have to pay for pensions, no pension liability is recognized. Pension obligations are simply explained in a footnote to the financial statements.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

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

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Question Posted: Feb 20, 2015 09:07 AM

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Because a company never knows how much it will have to pay for pensions, no pension liability

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No Both IFRS and U S GAAP require recognition of a liabilit...View the full answer

Introduction to Financial Accounting

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