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Question(s) / Instruction(s):

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).

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