How does U.S. GAAP require prior service costs related to retirees to be recognized?
A. amortize over the average remaining working lives of active employees
B. recognize immediately
C. dont recognize at all
D. amortize over remaining expected life of the retirees
Answer:D
How does U.S. GAAP require prior service costs related to retirees to be recognized?
A. amortize over the average remaining working lives of active employees B. recognize immediately C. dont recognize at all D. amortize over remaining expected life of the retirees