Prior Service Cost Is Recognized as Pension Expense Over a Period

question 6

True/False

Prior service cost is recognized as pension expense over a period of several years under U.S. GAAP.

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Definitions:

Positive Organizational Behaviour

The study and application of positively oriented human resource strengths and psychological capacities that can be measured, developed, and effectively managed for performance improvement.

POB

Positive Organizational Behavior is the study and application of positively oriented human resource strengths and psychological capacities that can be measured, developed, and effectively managed for performance improvement in today's workplace.

Senior Executives

High-level managers or directors within an organization, responsible for making strategic decisions and overseeing operations.

Talent

The natural aptitude or skill possessed by an individual, especially as it pertains to their capability to perform a certain task or job.