Question
Melanie Klein is the head of accounting department at Melodie Inc. and her firm offers Defined Contribution Plan for its employees. The pension plan assets
Melanie Klein is the head of accounting department at Melodie Inc. and her firm offers Defined Contribution Plan for its employees. The pension plan assets are expected to increase for the current year due to well performing financial markets, and the value of plan assets is expected to reach to $50 million. The CEO of her firm wants this amount to be reported on Balance Sheet to increase the asset size of the firm for a probable loan agreement in the near future.
Please explain how or if Melanie Klein can report this $50 million on Melodie Inc.s Balance Sheet?
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