Under the Simplified Approach to Accounting for Defined Benefit Pension

question 34

True/False

Under the simplified approach to accounting for defined benefit pension plans under ASPE, all past service costs and unrecognized actuarial gains and losses must all flow through pension expense immediately.

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Definitions:

Prospectus

A public document required by law before securities are issued, revealing material facts about that security and its issuer, with such true, full, and plain disclosure that a potential investor may make an informed decision as to the riskiness and price of that security.

New Issue

In finance, refers to securities or stocks being offered for sale to the public for the first time.

Proposed Purchasers

Individuals or entities expressing interest in or committing to buy a property, business, or other valuable asset.

Prospectus Disclosure

Information provided to potential investors about a company's business, financial status, and investment risk.