All the following are examples of temporary differences that result in taxable deductible amounts in...
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All the following are examples of temporary differences that result in taxable deductible amounts in future years, except for holding losses. warranty costs accrued. pension costs accrued. warranty costs paid. In a defined benefit plan, a formula is used that defines the contribution the employer is to make; no promise is made concerning the ultimate benefits to be paid out to the employees. defines the benefits that the employee will receive at retirement. requires that defined benefit expense and the cash funding amount be the same. requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. For ASPE and IFRS, the past service costs are restated in the year they are applicable to. recognized immediately in expense. not included in expenses. deferred and amortized over the life of the pension
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