Payroll-related expenses
Shown below is a summary of the annual payroll data of Revere Ironworks: (d)How were the costs of postretirement benefits determined? Which of these amounts results in a liability to Revere Ironworks,and when will this liability be paid? Will the amount of the payments be more or less than the amount now shown as a liability? Explain.

Question

Payroll-related expenses
Shown below is a summary of the annual payroll data of Revere Ironworks:   (d)How were the costs of postretirement benefits determined? Which of these amounts results in a liability to Revere Ironworks,and when will this liability be paid? Will the amount of the payments be more or less than the amount now shown as a liability? Explain.

Quizplus · Accepted Answer

The Answer of Payroll-related expenses
Shown below is a summary of the annual payroll data of Revere Ironworks:   (d)How were the costs of postretirement benefits determined? Which of these amounts results in a liability to Revere Ironworks,and when will this liability be paid? Will the amount of the payments be more or less than the amount now shown as a liability? Explain.

Payroll-Related Expenses Shown Below Is a Summary of the Annual Payroll Data