Past Service Costs That Have Vested Must Be Deferred and Amortized

question 13

True/False

Past service costs that have vested must be deferred and amortized through pension expense over time, while gains or losses on plan curtailments must be immediately recognized.

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Definitions:

Ignored

The act of deliberately paying no attention or giving no recognition to someone or something.

Kind-hearted

Having a caring, compassionate, and benevolent nature or disposition towards others.

Attribution

The process by which individuals explain the causes of behavior and events, typically as either internal dispositions (traits, intentions) or external situations.

Social Psychology

The branch of psychology that deals with how individuals think about, influence, and relate to one another in a societal context.