Under SFAS 106, accounting for postretirement benefits must adhere to the:
A. Accrual basis of accounting.
B. Cash basis of accounting.
C. Modified accrual basis.
D. Modified cash basis.
Answer:A
Under SFAS 106, accounting for postretirement benefits must adhere to the:
A. Accrual basis of accounting. B. Cash basis of accounting. C. Modified accrual basis. D. Modified cash basis.