Write an essay on one of the topics that follow. Be sure to write only in complete sentences organized into paragraph format.
1. When pre-tax financial accounting income is a different amount than taxable income, what are the various accounts needed on the balance sheet? Explain how the amounts in those accounts are calculated and how they are displayed on the balance sheet.
2. Compare and contrast the accounting for pensions with the accounting for postretirement benefits other than pensions.
3. Compare and contrast the purchasing of the company's own shares of stock and retiring them to purchasing shares as treasury stock and then reissuing them.
Whenever it says "compare and contrast", you should be trying to think of both similarities and differences. Be sure to come up with at least 10 correct, significant pieces of information to earn 10 points.