Evaluate if the implicit contract economic liability view, Accounting Basics

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Evaluate if the implicit contract economic liability view

Question: 1. Evaluate if the implicit contract (economic liability) view of pensions meets the definition of an accounting liability. What contradiction exist in SFAS No. 87 regarding the legal versus economic liability viewpoints.

2. How did the "give-and-take" differ between the FASB and its constituents in the drafting of SFAS No. 87 on pensions versus SF:4S No. I06?

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Accounting Basics: Evaluate if the implicit contract economic liability view

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Accounting Basics: Evaluate if the implicit contract economic liability view

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