pensions Flashcards
1
Q
recognition of psc
amortization
A
psc-oci 100
pension lia 100
pension expense 10
psc-oci (100/10) 10
2
Q
pension gains and losses
amortization
A
pension gain/loss-oci 1000
pension lia 1000
pension expense 100
psc-oci 100
3
Q
record pension expense
A
pension expense
pension lia
4
Q
record funding contribution
A
pension lia
cash
5
Q
plan assets include
A
The ending plan asset balance equals: contributions made by the sponsoring firm to date + investment return to date (interest, dividends, stock appreciation, recognized gains and losses) - benefits paid to date.
6
Q
bpo includes
A
service cost
interest cost
(benefits paid)
