In accounting for pension costs, any difference between current year's pension expense and contribution into the pension trust should be reported as a(n):

Question

Quizplus · Accepted Answer

The difference between the current year's pension expense and the contribution into the pension trust is reported as a deferred pension liability/cost. This reflects the amount that has been incurred as an expense but not yet funded, indicating a future obligation.

In Accounting for Pension Costs, Any Difference Between Current Year's