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As a staff accountant at a company that provides life insurance, the controller has asked you to prepare a report on the assumptions related to
As a staff accountant at a company that provides life insurance, the controller has asked you to prepare a report on the assumptions related to settlement costs needed to calculate the liability for future benefits associated with new insurance policies. Which section of the authoritative literature best provides guidance on determining the expense assumptions used to estimate future liabilities? Correctly formatted FASB ASC topics are 3 digits.
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