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Discuss how cadburys accounting for the unexpected losses

1. Cadbury Company, which uses iGAAP, has a postretirement benefit plan. During 2010 Cadbury recognized $30,000 unexpected asset gains in income. Just $10,000 of the gains exceeded the corridor, and the average remaining service lives of Cadbury's employees is 10 years. Discuss how Cadbury's accounting for the unexpected losses would affect comparisons to a U.S. GAAP company with a similar unexpected gain.

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Accounting Basics: Discuss how cadburys accounting for the unexpected losses

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