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Big Baths and Pension Accounting
Susan Mangiero Link to more items from this source
[Opinion]
Mar. 10, 2011
According to 'Rewriting Pension History' by Michael Rapoport (Wall Street Journal, March 9, 2011,[)] several large multinational corporations are changing the way they report retirement plan numbers. The goal is to stop smoothing losses and gains and instead have current year earnings reflect the full extent of what is owed (or available as a surplus).

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