pension expense

What Type Of Account Is A Defined Benefit Pension Plan?

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What Type Of Account Is A Defined Benefit Pension Plan? A defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum or combination thereof on retirement that is predetermined by a formula based on the employee’s earnings history, tenure of service and age, rather

When A Company Adopts A Pension Plan Prior Service Costs Should Be Charged To?

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When A Company Adopts A Pension Plan Prior Service Costs Should Be Charged To? projected benefit obligation exceeds the fair value of the plan assets. When a company adopts a pension plan, prior service costs should be charged to: A) retained earnings. When a company adopts a pension plan prior service cost should be charged