CFAI Mock Exam AM Question 17
The way they get the amount of total pension cost is different from the curriculum. They use the “Net retirement expense for the year” as the total pension cost. But on the curriculum, they use the equation “total pension cost = employer contribution + Ending net pension liability - Beginning net pension liability”. If going by the equation, the total pension cost should be 3150+(65528-46697)-(58700-40900)=4181, which is a different result. Why?