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Under both U.S. GAAP and IFRS, the following formula calculates the Net Pension Expense (or Credit) for a defined benefit pension plan:
Interest Cost (the increase in the obligation because of the passage of time)
+ Service Cost (the increase in the obligation because of an additional year of employee service)
- Expected Return on Pension Investments
+/- Amortization of Performance and Actuarial Gains and Losses
+/- Amortization of Prior Service Cost
Organic Product
A compound that results from organic chemistry reactions, typically containing carbon atoms in its structure.
Major
Referring to the component or outcome that is the most abundant or significant in a given context or mixture.
Nucleotides
Nucleotides are biological molecules that serve as the monomers of nucleic acids like DNA and RNA; they consist of a nitrogenous base, a five-carbon sugar (ribose or deoxyribose), and one or more phosphate groups.
Linkage
Refers to the connection between atoms or the arrangement of atoms within molecules; it can also pertain to the genetic association between alleles at different loci.
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