Defined Benefit Pension Plan
Hello,
I noticed that the item "Defined Benefit Pension Plan" is in both Assets (20.10 line 58) and in Liabilities (20.11 line 110). What is the difference between the two items and how can we differentiate them?
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Hello,
I noticed that the item "Defined Benefit Pension Plan" is in both Assets (20.10 line 58) and in Liabilities (20.11 line 110). What is the difference between the two items and how can we differentiate them?
Comments
Actually I've just read that in the assets it is the surpluses and in the liabilities it is the deficit, but in the exam, would it be clear which is which?
yeap it will be clear and if it is not then they will probably accept both answers where the candidate either considers it an asset or liability