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Other Fields Homework Help Accounting Topic started by: damnitdiane on Jul 23, 2018



Title: What is the proper treatment of prior service costs?
Post by: damnitdiane on Jul 23, 2018
What is the proper treatment of prior service costs?
A) Prior service costs are included in other comprehensive income and amortized over future periods.
B) Prior service costs are included in other comprehensive income and amortized retroactively over the most recent three periods.
C) Prior service costs are included in net income and expensed in the current year.
D) Prior service costs are included in net income and amortized over future periods.


Title: What is the proper treatment of prior service costs?
Post by: taneymc on Jul 23, 2018
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