Asset Ceiling Test IAS 19 Employee Benefits requires companies that have a surplus in a defined benefit

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Asset Ceiling Test IAS 19 Employee Benefits requires companies that have a surplus in a defined benefit plan to perform a “ceiling test” on the net benefit asset account. 


Instructions 

Explain what an asset ceiling test is, why it is required, and how it is applied.

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Related Book For  book-img-for-question

Intermediate Accounting Volume 2

ISBN: 9781119497042

12th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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