ARB 36 reduced flexibility in how the cost relating to unfunded accumulated benefits was dealt with in the income statement.

Name: ARB 36 reduced flexibility in how the cost relating to unfunded accumulated benefits was dealt with in the income statement.
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Question

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ARB 36 required companies to recognize the cost of unfunded accumulated benefits in the income statement, whereas previously companies had greater flexibility in how they reported these costs.

ARB 36 Reduced Flexibility in How the Cost Relating to Unfunded