Difference between pension and postretirement benefits

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Reference no: EM131015200

For Gap, Inc., examine and analyze the company's financial statements and pension and other postretirement benefit plans footnote. Based on your analysis, create a report, that includes answer to the following questions:

1 - What is the difference between pension and postretirement benefits?

2 - What type of pension and other postretirement benefit plans the company offers to its employees?

3 - What are the reporting requirements for pension plans in the financial statements?

4 - What is the funded or unfunded status of pension benefits and other retiree benefits for the most recent fiscal year?

5 - What are the assumptions made to calculate pension benefits and other retiree benefits?

6 - If the company has assets in Level 1, Level 2, and Level 3 categories, in which category are the majority of assets concentrated?

Support your responses with appropriate reasoning and examples.

Cite any sources using APA format.

Reference no: EM131015200

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