Which of the following statements does not properly represent IFRS guidance on pension costs?

Multiple Choice

• Actuarial gains and losses on the PBO and the actual return (less the expected return on plan assets) are recognized in OCI without subsequent amortization to pension expense.

• In recognition that pension costs are related to employee service, all costs are included in operating activities.

• IFRS uses the discount rate to compute the expected return on plan asset.

• Under IFRS past service cost may be recognized immediately.