(Answered)-8.14 POSTRETIREMEN T BENEFI TS O THE R THA N PENSIONS . The no t e s t o a fi r m ’ s financia l...

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8.14      POSTRETIREMENT  BENEFITS  OTHER  THAN  PENSIONS.  The notes to a firm’s financial statements reveal that the obligations for postretirement health care benefits at the end of 2010 total $2.1 billion. The fair value of plan assets for these benefits at the end of 2010 is reported at zero, with an unrecognized net actuarial loss of $310 million reported for the same year. Calculate the amount of the postretirement health care benefit obligation reported by the firm at the end of 2010. Discuss what clas- sification category (or categories) on the balance sheet would appropriately include the obligation.    

 

Solution ID:10137797 | Question answered on 16-Oct-2016

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