OPEB are accounted for in the same way as pensions; that is, the expense is incurred [in
Question:
OPEB are accounted for in the same way as pensions; that is, the expense is incurred [in the years in which the employee earns the right to them / when the benefits are paid]. The liability is incurred [in the years in which the employee earns the right to them / when the benefits are paid]. When the benefit is paid, there [is / is not] an expense.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: