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Shrug. If you're an accountant, you tell me. I'm taking other people's word for it, currently. Refresher course:
http://www.ifrsaccounting.com/ifrs-pensions.html
Sounds like they'd need to recognize at least the minimum liability, as it's obviously unfunded :PRecognition of a minimum liability on the statement of financial position to at least the unfunded accu-mulated pension benefit obligation
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
I'm skimming through Wiley GAAP 2010: Interpretation and Application of Generally Accepted, Chapter 18 on google books (page 953)...
it is a complicated subject, but from what I've read, it's complicated precisely because there is supposed to be a smoothing of the obligation... if the losses were recognized only when they occurred, that chapter would be about 3 sentences long
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
Too bad they did not invest that $1 trillion in Bitcoins back in 2009. It was worth less than a penny per Bitcoin back then. Today it is worth over $13 per Bitcoin. That would have been quite the return.
Definition of political insanity: Voting for the same people expecting different results.
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