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Tag >> non cash charge
Jan 21
2011

Verizon, AT&T change pension accounting

Posted by Stephen Taub in Verizon Communicationsother post-employment benefitsnon cash chargecash flowCashAccounting

Stephen Taub

Verizon Communications has changed the way its accounts for pensions and other post-employment benefits.

The telecom giant said the new policy recognizes gains and losses in the year they are incurred, rather than amortizing them over time. This will result in $20.2 billion in charges to prior earnings.

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