Why this is mistaken
Wrong: Net periodic pension cost is service cost only.
Correction: Periodic cost includes service cost and the other applicable Topic 715 components, each with its own presentation rule.
Where to watch
When this mistake may appear
- A benefit-plan analysis treats this claim as true: Net periodic pension cost is service cost only.
Check your work
Your work may contain this mistake if:
- Net periodic pension cost is service cost only.