Which of the following losses should be recognized immediately?

A) Pension Asset losses and Pension Liability losses.

B) Pension Liability losses.

C) Losses that arise from a single occurrence such as a plant closing.

D) Pension Asset losses.

The IASB and the FASB are studying several issues related to accounting for pensions including all of the following except

A) adding smoothing provisions.

B) eliminating smoothing provisions.

C) requiring companies to report actual asset returns and any actuarial gains and losses directly in the income statement.

D) requiring companies to report various components of pension expense, such as interest cost, separately in the income statement along with other interest expense.