Defined benefit pension plans: In such plans, employers pay annual fixed contributions to employees as retirement benefits. Employers promise to pay fixed retirement benefits, which are computed based on the service period of employee, annual compensation of the employee, and age.
Statement of comprehensive income: The statement which reports total of net income and other comprehensive income (OCI) is referred to as statement of comprehensive income. OCI includes all financial items which result in changes in the
To find: The financial item related to defined benefit pension plans, which is not included in statement of comprehensive income.
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