Examlex
A vessel containing 10 kg of water is left out where it evaporates. If the temperature remains constant at 20°C, what is the change in entropy (in kcal/K) ? (The latent heat of vaporization at 20°C is 585 cal/g.)
Unrecognized Prior Service Cost
Costs not immediately recognized on the income statement related to retroactive benefits granted to employees in a pension plan amendment.
Straight-Line Method
A depreciation method that allocates an equal amount of depreciation each year over the useful life of the asset.
Defined Benefit Pension Plan
A type of pension plan where an employer commits to pay a specified pension amount to the retiree, based on factors like salary history and duration of employment.
Pension Expense
The company's cost in a specific period for providing pension benefits to employees during that period.
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