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GAAP for pension plans requires companies with defined benefit pension plans to recognize pension...

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Accounting

GAAP for pension plans requires companies with defined benefit pension plans to
recognize pension expense based on accrual-basis concepts.
recognize pension expense as an amount equal to the actual cash paid to ortired employes for the carral ther
recognize a pension liability based on the projected benefit obligation concept.
disclose annual pension cost in a footnote onlly; pension cost was not required to ber erpared on tee ciante
statement.
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