Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Balance Sheet and Statement of Cash Flows - Questions - Page 279: 15g

Answer

‘Pension fund assets’ should be recorded under the investments section, and the terminology used should be “Employee pension fund.”

Work Step by Step

Sub captions of securities or assets may be added if desired, assuming the company owns these assets.
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