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Labor unions generally prefer it if an international business keeps highly skilled tasks in its home country and farms out only low-skilled tasks to foreign plants.
Deferred Gain
A gain resulting from a business transaction that is recognized in financial statements in a period subsequent to the transaction.
Pension Expense
The total amount a business reports on its financial statements for contributions to pension plans for its employees.
Service Cost
The actual cost incurred to provide a service, including labor, materials, and overhead expenses.
Cumulative Unrecognized
Accumulated amounts of certain expenses or revenues that have not yet been recognized in a company's financial statements.
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