Financial Accounting Statement 106 requires that any benefits provided after retirement must be paid on a(n)_____ basis.

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Financial Accounting Statement (FAS)106 requires that any benefits (excluding pensions)provided after retirement can no longer be funded on a pay-as-you-go basis. Rather, they must be paid on an accrual basis, and companies must enter these future cost obligations on their financial statements.

Financial Accounting Statement 106 Requires That Any Benefits Provided After