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Describe the conditions when contract assets and

1. Describe the conditions when contract assets and liabilities are recognized and presented in financial statements?

2. explain the reporting for
a. Costs to fulfil a contract
b. Collectability

What is an accumulated benefit obligation?

What is defined benefit postretirement plan?

What is the definition of "actuarial present value"?

What is prior service cost?

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Accounting Basics: Describe the conditions when contract assets and

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