The Unrecognized Net Gain or Loss account is amortized only if it exceeds 10 percent of the larger of the beginning balances of the defined benefit obligation or the market-related plan assets value.

Question

Quizplus · Accepted Answer

This is true according to the rules set forth by the Financial Accounting Standards Board (FASB) in Statement of Financial Accounting Standards (SFAS) 87.

The Unrecognized Net Gain or Loss Account Is Amortized Only