Question
The service component of total pension expense (pension cost) is shown separately on the income statement and included in the calculation of operating income (EBIT,
The service component of total pension expense (pension cost) is shown separately on the income statement and included in the calculation of operating income (EBIT, "the line"), whereas the other components of pension expense are shown below operating income.
True or False
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
