Discuss how income smoothing can be achieved as it relates to the recording of pensions.
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- Discuss how income smoothing can be achieved as it relates to the recording of pensions.
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- Explain the concept of accounting for pensions and other post-employment benefits and the methods used to calculate and record pension expenses.How is the pension expense influenced by changes in the pension liability and plan assets?How does an “asset gain or loss” develop in pension accounting? How does a “liability gain or loss” develop in pension accounting?