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When a company amends a pension plan, for accounting purposes, prior service costs should be A amortized in accordance with procedures used for income tax
When a company amends a pension plan, for accounting purposes, prior service costs should be
A | amortized in accordance with procedures used for income tax purposes. |
B | treated as a prior period adjustment because no future periods are benefited. |
C | recorded in other comprehensive income (PSC). |
D | reported as an expense in the period the plan is amended. |
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