Intermediate Accounting, 17th Edition
Intermediate Accounting, 17th Edition
17th Edition
ISBN: 9781119503682
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Publisher: WILEY
Question
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Chapter 20, Problem 25Q
To determine

Excess asset: If the amount of pension asset is more than the pension liabilities then that is termed as excess asset. The excess asset in pension fund is recorded in the books of accounts as a noncurrent item in the balance sheet.

To determine the issue related to the excess asset.

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