FASB to issue new pension accounting rule on Friday

Newswire

By Emily Chasan NEW YORK, Sept 28 (Reuters) - U.S. accounting rule makers are set to release a new standard for pension and retiree benefit accounting on Friday which may be a wake up call for investors about the billions in obligations U.S. companies are facing. The standard, which will be the first of two phases of reforms, is expected to move the funded status of pension and retiree benefit obligations out of financial statement footnotes and on to corporate balance sheets. "I think ...

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