In accounting for a pension plan, any difference between the pension cost charged to expense and the payments into the fund should be reported as

Question

Quizplus · Accepted Answer

The difference between pension cost charged to expense and the payments into the fund would impact the funded status of the pension plan, which would be reflected in the pension asset/liability on the balance sheet. Therefore, the difference should be reported as a pension asset/liability.

In Accounting for a Pension Plan, Any Difference Between the Pension