FASB 106 Does Not Do Which of the Following? (Retiree

question 52

Multiple Choice

FASB 106 does not do which of the following? (Retiree Health Care Benefits)

• A)Held firm the method for how companies recognize the costs of non pension retirement benefits, including health insurance, on financial balance sheets
• B)Reduces the amount of net profit companies list on balance sheets
• C)Benefits such as health care coverage establish an exchange between the employer and employee
• D)Post-retirement benefits are part of employee's compensation package