Examlex
Graph of what equation is represented on the figure?
Net Periodic Pension Cost
The total cost charged to expense related to pension plans during a certain period, including service and interest costs.
Defined Benefit Pension Plan
A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an algorithm involving salary, age, and years of service.
GAAP
Generally Accepted Accounting Principles, a set of rules and standards used in financial reporting and accounting.
Conceptual Framework
An analytical structure used to make the complex interrelationships among financial concepts, objectives, and standards more understandable and coherent.
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