Answered: Why didn’t the FASB cover both types of…

Why didn’t the FASB cover both types of postretirementbenefits—pensions and healthcare—in the earlier pensionaccounting rules?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Why didn’t the FASB cover both types of postretirement
benefits—pensions and healthcare—in the earlier pension
accounting rules?

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