Explain how previous pension accounting standards were, Accounting Basics

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Explain how previous pension accounting standards were

Question: 1. Explain how previous pension accounting standards were based on a revenue-expense approach to the financial statements.

2. Why did APB Opinion No.8 only minimally improve uniformity between companies?

3. Is the treatment of unrecognized prior service cost and actuarial gains/ losses in SFA.s No. 87 an example of the asset-liability of revenue-expense orientation?

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Accounting Basics: Explain how previous pension accounting standards were

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Accounting Basics: Explain how previous pension accounting standards were

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