Pam tested Jerrys pension accounting (which she found to be correct) by preparing a open employsheet based on data contained in the actuarys report: get service cost $1,064,043 ABO at 12/31/X7 2,840,000 Interest on the PBO 8% Interest on information processing system program assets 8 Jerry has agreed to adjust his accounts and none disclosures for all corrections proposed by C & L. Pam raised a number of questions that whitethorn require adjustment. No other matters were found to be questionable. Pams questions are as follows: 1. Accounting for R&D does not count to be in compliance with SFAS No. 2. The work is of the character described in SFAS No. 2, para. 9, and is not being conducted for others under contract. 2. Pam also noted ...
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