U.S. GAAP requires that unrecognized actuarial gains and losses be included as part of Accumulated other comprehensive
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U.S. GAAP requires that unrecognized actuarial gains and losses be included as part of Accumulated other comprehensive income (AOCI) in shareholders' equity. Under IFRS, AOCI often is referred to as a “reserve.” Does BA report its unrecognized actuarial gains and losses this way? Explain.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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