Under both IFRS and ASPE, the balance in net pension liability (asset)account will equal the funded status of the registered defined benefit plan in question.

Question

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Under IFRS, the net pension liability (asset) reflects the funded status of the plan, but under ASPE, the approach can involve deferring some gains and losses, meaning the balance in the net pension liability (asset) account may not equal the funded status of the plan.

Under Both IFRS and ASPE, the Balance in Net Pension