Homework Help: part 2

Posted by Sarah on Wednesday, March 19, 2008 at 2:53pm.

These didn't want to post for some reason, let's try again, these are the questions:
1. When a company modifies its pension benefits the way General Motors did, what name do we give the added cost? How is it accounted for?
2. What does GM mean when it says its “unfunded pension obligation and pension expense are expected to be unfavorably impacted as a result of the recently completed labor negotiations?

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