Examlex
Which of the following are considered substances that are eliminated by the kidneys?
I.Hemoglobin
II.Urea
III.Creatinine
IV.Bilirubin
Prior Service Cost
The expense recognized in pension accounting when a plan is amended to increase benefits for service provided by employees in prior years.
Ending Balance
The amount of money in an account at the end of a financial period, after all transactions have been accounted for.
Plan Assets
The resources set aside to pay employee benefits under a pension or other post-employment benefit plan.
Fair Value
Rephrased: An accounting concept referring to the estimated price at which an asset could be bought or sold in a current transaction between willing parties.
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