Pension expense: Pension expense is an expense to the employer paid as compensation after the completion of services performed by the employees.
Plan assets: The assets which are used to satisfy the postretirement obligation, are held as a pension fund by the trustee, to invest the employer contributions,
Projected benefit obligation (PBO): This is the estimated present value of future retirement benefits, accumulated based on the future compensation levels.
To show: The effect of decline in PBO and loss due to decline of actual return from the expected on the income statement, statement of comprehensive income, and
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