Which Statement Is Correct for the Treatment of Actuarial Gains

question 68

Multiple Choice

Which statement is correct for the treatment of actuarial gains under IFRS?

• A)These must be accounted for under the corridor method.
• B)A minimum amount must be expensed each year through comprehensive income.
• C)These must be expensed immediately through income.
• D)These may be expensed immediately through other comprehensive income.

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Definitions:

Inventory Turnover

A metric that indicates how many times a company’s inventory is sold and replaced over a specific period.

Retail Method

An accounting technique used to estimate inventory value by calculating a cost to retail price ratio and applying it to the ending inventory at retail prices.

Merchandise Inventory

The total value of a retailer's goods that are available for sale to customers.