Which of the following describes correctly the procedure for AOCl actuarial gains or losses? It...

90.2K

Verified Solution

Question

Accounting

image
Which of the following describes correctly the procedure for AOCl actuarial gains or losses? It is automatically amortized to the income statement over the average estimated remaining service life of employees. If is amorbzed to the income statement over the average estimated remaining service life of employecs if the bathince ectuals or exceeds 10% of the PBO or plan assets, whichever is higher. Nocie of these are correct. it remains in AOCl indefritely

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students