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ASAP PLEASE I WILL GIVE THUMBS UP!! TRUE OR FALSE: If a pension plan is underfunded, the company has a net loss-OCI. Prior service cost
ASAP PLEASE I WILL GIVE THUMBS UP!!
TRUE OR FALSE:
If a pension plan is underfunded, the company has a net loss-OCI.
Prior service cost recognized as pension expense over a period of several years.
A net gain or net loss affects pension expense only if it exceeds 10% of the pension benefit obligation or 10% of plan assets, whichever is lower.
Pension expense and funding amounts are both accounting decisions.
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