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Prepaid pension benefits is not considered an operating asset. Pension and post retirement benefits is considered an...

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Accounting

Prepaid pension benefits is not considered anoperating asset. Pension and post retirementbenefits is considered an operating liability. Pleaseclarify why Prepaid pension benefits is not partof the operating assets, and why Pension and postretirement benefits is part of operating liabilities.

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Prepaid pension benefits are not considered an operating asset Operating assets are those assets acquired for use in the conduct of the ongoing operations of a business this means assets that are needed to generate    See Answer
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