Which of the following statements does not properly represent IFRS guidance on pension costs?
A. IFRS uses the discount rate to compute the expected return on plan asset.
B. Actuarial gains and losses on the PBO and the actual return (less the expected return on plan assets) are recognized in OCI without subsequent amortization to pension expense.
C. In recognition that pension costs are related to employee service, all costs are included in operating activities.
D. Under IFRS past service cost may be recognized immediately.
Answer: C
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