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KNOWLEDGE CHECK

Health & welfare plans
Plan obligations/using the work of an actuary

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* In accordance with FASB ASC 965-30-25-3, plans that provide for postemployment benefits should recognize a benefit obligation for current participants based on amounts expected to be paid in subsequent years if which of the following conditions are met?

Participants' rights to receive benefits are attributable to services already rendered.

Participants' benefits vest or accumulate.

Payment of benefits is probable.

The amount can be reasonably estimated.

All of the above.

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Health & welfare plans Plan obligations/using the work of an actuary

Health & welfare plans Plan obligations/using the work of an actuary

Check your knowledge on this topic

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Health & welfare plans
Plan obligations/using the work of an actuary

Health & welfare plans
Plan obligations/using the work of an actuary