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Okay, I’m struggling mightily on this part as I have been only “comparable” once in five tries on the simulation portion. I usually get questions similar to this, so how would I answer them?
1. What is the impact on liabilities and OCI?
Service Cost?
Interest Cost?
PSC?
Gains?
Then another one that I have trouble with deals with depreciation methods, so an example would be like this one
2. For the first two years company A used the DDB, but in year 3 switched to the SL method. What is the adjustment for year 3?
In year 2 company A accidentally put the depreciation under the Repairs and Maintenance account, what is the adjustment for year 3?
What kind of an accounting change is this?
So these are two questions I get for the most part and they look easy, but apparently I’m not answering them correctly. Thanks!
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