Funded Status +/-unrecognized transition asset +/-unrecognized prior service cost +/-unrecognized net actuarial gain/loss --------------------------------------------------- = Prepaid benefit cost Service cost + Interest cost - Expected return on plan assets - Amortization of prior service cost - Amortization transition assets + recognized actuarial gain -------------------------------------------------- = Net pension cost Which one should appear on the balance sheet prior to the new standard?

it sould be Prepaid cost

Thanks. For those adjustments, how do I know when to use + (add back) and - (subtract)?

prior to 2006: + cost / loss - gain / assets