When an employer firm recognizes the change in either a pension asset or pension for a period,
Question:
When an employer firm recognizes the change in either a pension asset or pension for a period, the offsetting credit or debit is usually to Other Comprehensive Income. Why doesn’t this amount immediately affect pension expense as a credit or debit instead?
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GAAP allows firms to defer and amortize changes in prior se...View the full answer
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Related Book For 
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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