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Components that comprise pension expense

Question 1: Identify the five components that comprise pension expense. Briefly explain the nature of each component.

Question 2: What is a private pension plan? How does a contributory pension plan differ from a noncontributory plan.

Question 3: Briefly describe some of the similarities and differences between US GAAP and IGAAP with respect to the accounting for pensions.

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Accounting Basics: Components that comprise pension expense

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