When a company amends a pension plan, for accounting purposes, prior service costs should be
Question 27 options:
a) amortized in accordance with procedures used for income tax purposes.
b) reported as an expense in the period the plan is amended.
c) treated as a prior period adjustment because no future periods are benefited.
d) recorded in other comprehensive income (PSC).
When a company amends a pension plan, for accounting purposes, p