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Pension plans are a huge part of many companies. Generally the obligation that the company has to future retirees is off the balance sheet, as

Pension plans are a huge part of many companies. Generally the obligation that the company has to future retirees is off the balance sheet, as is the pension fund of assets maintained to cover the future obligation. Discuss the appropriateness of the accounting treatment for pensions in terms of required inclusion on the balance sheet and additional disclosures.

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