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    Intermediate Accounting Study Set 12
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    Exam 7: Pensions and Other Post-Employment Benefits
  5. Question
    Pension Accounting Terminology Briefly Explain the Following Terms
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Pension Accounting Terminology Briefly Explain the Following Terms

Question 59

Question 59

Essay

Pension accounting terminology
Briefly explain the following terms
a) Service cost
b) Interest cost
c) Past service costs
d) Vested benefits

Correct Answer:

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a) The (current) service cost component ...

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