Chapter 17, Problem 17.13Q

To determine

Plan assets: The assets which are used to satisfy the postretirement obligation, are held as a pension fund by the trustee, to invest the employer contributions, accumulate the earnings on investments, and pay the contributions plus earnings to the retired employees, are referred to as plan assets.

To explain: The method of recognizing gains and losses related to plan assets, and how does this method differ in recognizing gains and losses related to pension obligation