Pensions Flashcards
1
Q
Overfunded plans may not be netted with underfunded plans never never
A
Overfunded -prepaid pension expense can only be a non current asset
Underfunded -accrued pension liability
CPA FAR > Pensions > Flashcards
Overfunded plans may not be netted with underfunded plans never never
Overfunded -prepaid pension expense can only be a non current asset
Underfunded -accrued pension liability