b. Explain the origin of the actuarial gain in 1999. c. Forecast 2000 postretirement benefit cost. stating

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b. Explain the origin of the actuarial gain in 1999.

c. Forecast 2000 postretirement benefit cost. stating any as- sumptions.

d. Calculate and justify the adjustments you would make to Sears's balance sheet at December 31, 1999 to reflect the economic position of its postretirement benefit plans.

e. Explain why Sears's plan contribution is exactly equal to benefits paid.

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The Analysis And Use Of Financial Statements

ISBN: 9780471375944

3rd Edition

Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried

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