{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/980/#55-implementation-guidance-and-illustrations","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"715","topic_title":"Compensation—Retirement Benefits","subtopic":"715-980","subtopic_title":"Regulated Operations","section":{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-980-55-1","para":"55-1","html":"
All implementation guidance and illustrations assume that the entity meets the criteria of paragraph 980-10-15-2 for the application of this Topic by the entity; thus recovery of any cost is probable if that cost is designated for future recovery by the regulator.
","snippet":"All implementation guidance and illustrations assume that the entity meets the criteria of paragraph 980-10-15-2 for the application of this Topic by the entity; thus recovery of any cost is probable if that cost is desi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c55ef6f8d0adfdb3b0a8d90cbf79d7a8a24d7aa6069d1b43ad735e3501759609","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:482032a24030d9ed4238191d55e427e489742e0f32ff5222341a30ba11ce2827","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-980-55-2","para":"55-2","html":"
An employer with regulated operations shall account for the effects of applying Subtopic 715-30 for financial reporting purposes even if another method of accounting for pensions is used for determining allowable pension cost for rate-making purposes.
","snippet":"An employer with regulated operations shall account for the effects of applying Subtopic 715-30 for financial reporting purposes even if another method of accounting for pensions is used for determining allowable pension…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3318482c7bfeaf0af0dba78412d29cc6990e27ce9c9d59c0e4163d08b5994b4b","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-3","para":"55-3","html":"
As indicated in paragraph 980-715-25-1, Subtopic 715-30 applies to employers with regulated operations.
","snippet":"As indicated in paragraph 980-715-25-1, Subtopic 715-30 applies to employers with regulated operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5681e7ffad7fa8123f27280abb9b7e9169bee26db98c57b5938086e0d4f23c9a","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-4","para":"55-4","html":"
If this Subtopic applies to the employer, and the amount of net periodic pension cost determined under the method used for rate-making purposes differs from that determined under Subtopic 715-30, the difference would be either of the following:
  1. a
    An asset if the criteria in paragraph 980-340-25-1 are met
  2. b
    A liability if the situation is as described in paragraph 980-405-25-1(b).
","snippet":"If this Subtopic applies to the employer, and the amount of net periodic pension cost determined under the method used for rate-making purposes differs from that determined under Subtopic 715-30, the difference would be …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01e30a1cc9157a05699e74ed005e424bda2ecc8c756afaea5759538f628131da","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-5","para":"55-5","html":"
Usually, continued use of different methods for rate-making purposes and general-purpose external financial reporting purposes would result in either the criteria in paragraph 980-340-25-1 being met or the situation described in paragraph 980-405-25-1(b). However, if pension cost determined in accordance with Subtopic 715-30 exceeds pension cost determined in accordance with the method used in setting current rates, the criteria in paragraph 980-340-25-1 would not be met if both of the following conditions exist:
  1. a
    It is probable that the regulator soon will accept a change for rate-making purposes so that pension cost is determined in accordance with Subtopic 715-30.
  2. b
    It is not probable that the regulator will provide revenue to recover the excess cost that results from the use of Subtopic 715-30 for financial reporting purposes during the period between the date that the employer adopts that Subtopic and the rate case implementing the change.
","snippet":"Usually, continued use of different methods for rate-making purposes and general-purpose external financial reporting purposes would result in either the criteria in paragraph 980-340-25-1 being met or the situation desc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af17485072a5476c1e0d6054ee956045850dccde0c0babdbf37f91ca98f88de9","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-6","para":"55-6","html":"
Similarly, if pension cost determined in accordance with the method used in setting current rates exceeds pension cost determined in accordance with Subtopic 715-30, the situation would not be as described in paragraph 980-405-25-1(b) if it is probable that all of the following conditions exist:
  1. a
    The regulator soon will accept a change for rate-making purposes so that pension cost is determined in accordance with Subtopic 715-30.
  2. b
    The regulator will not hold the employer responsible for the costs that were intended to be recovered by the current rates and that have been deferred by the change in method.
  3. c
    The regulator will provide revenue to recover those same costs when they are eventually recognized under the method required by Subtopic 715-30.
","snippet":"Similarly, if pension cost determined in accordance with the method used in setting current rates exceeds pension cost determined in accordance with Subtopic 715-30, the situation would not be as described in paragraph 9…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67baa743a7fd4bb0cb9e503978586edb87027af7260791d64460fb1649affb69","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-7","para":"55-7","html":"
Because a regulator cannot eliminate a liability that was not imposed by its actions, the need to recognize the underfunded status of a defined benefit plan as a liability under paragraphs
715-30-25-1 through 25-2
is unaffected by regulation.
","snippet":"Because a regulator cannot eliminate a liability that was not imposed by its actions, the need to recognize the underfunded status of a defined benefit plan as a liability under paragraphs 715-30-25-1 through 25-2 is una…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:827240165fad63bb84becfb552e3dcff22dbbd019aa3f8ec8bbbeea7d43ca178","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-8","para":"55-8","html":"
See Example 1 (paragraphs 980-715-55-9) for the employer's accounting when paragraphs 980-340-25-1 and 980-405-25-1(b) apply.
","snippet":"See Example 1 (paragraphs 980-715-55-9) for the employer's accounting when paragraphs 980-340-25-1 and 980-405-25-1(b) apply.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d627e81941eaab87dca247251e0201675cee67883c37d7c1d0de8f4517b5f59c","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7eab97ff602cd902791c6f4b104f122dc723ce9bdca629f40a38694413c4dc8f","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-980-55-9","para":"55-9","html":"
This Example illustrates the guidance for recognition of postretirement pension cost in paragraph 980-715-25-1.
","snippet":"This Example illustrates the guidance for recognition of postretirement pension cost in paragraph 980-715-25-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f621411b01d4834a76019cae01a2837d4974fc25dcc71a7a3b359fd3ce80b3cc","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-10","para":"55-10","html":"
An employer with regulated operations sponsors a defined benefit pension plan that is accounted for pursuant to Subtopic 715-30. To simplify the Example, it is assumed that there are no remaining differences between amounts previously recognized as net periodic pension cost and amounts allowable for rate-making purposes. The employer's determination of net periodic pension cost under that Subtopic, however, differs from that allowable for rate-making purposes in the timing of recognition of net periodic pension cost as an expense. The following schedule shows the amounts under both bases for the years 20X0-20X3.
","snippet":"An employer with regulated operations sponsors a defined benefit pension plan that is accounted for pursuant to Subtopic 715-30. To simplify the Example, it is assumed that there are no remaining differences between amou…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33efb6ed6bff68785f4a70a6bad02a10e11d4ce75b7709aa555dcd0dcbae123b","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-11","para":"55-11","html":"
In 20X0, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30. In that case, paragraph 980-405-25-1(b) requires the amount determined under Subtopic 715-30 ($120) to be recognized as net periodic pension cost in the employer's financial statements.
","snippet":"In 20X0, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30. In that case, paragraph 980-405-25-1(b) requires the amount determined under Subtopic 715-30 ($12…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:393d395bf75a8b161c5890372cb2d8bd77aa8313765ebe53ff4f035c22717d4c","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-12","para":"55-12","html":"
The difference ($80) between net periodic pension cost determined under Subtopic 715-30 ($120) and that allowable for rate-making purposes ($200) is recognized as a liability (unearned revenue) and represents an amount collected or collectible for recovery of future pension cost. When that pension cost is incurred for financial reporting purposes, the liability (unearned revenue) shall be eliminated and revenue shall be recognized.
","snippet":"The difference ($80) between net periodic pension cost determined under Subtopic 715-30 ($120) and that allowable for rate-making purposes ($200) is recognized as a liability (unearned revenue) and represents an amount c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44dcbcaf6f02e1025e5577fc732beef18554df0dfc63b2c81e6a175bfd46c9b7","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-13","para":"55-13","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the liabili…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:877d9064bfe2c58bebbddb7c7c656b31bb3ae9166326bc7329a83c8f432f8736","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-14","para":"55-14","html":"
No modifications of the disclosure required by paragraph 715-20-50-1(h) are required in this case because the accounting required by this Topic does not change the amount of net periodic pension cost recognized under Subtopic 715-30. (See the table in paragraph 980-715-55-10.)
","snippet":"No modifications of the disclosure required by paragraph 715-20-50-1(h) are required in this case because the accounting required by this Topic does not change the amount of net periodic pension cost recognized under Sub…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da4dee068b9f109bb2d1b7a5d2874c7b3459a3ab4a99852223c97d3f8bbef8f7","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-15","para":"55-15","html":"
In 20X1, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $100. Of that amount, $80 was allowable for rate-making purposes in 20X0. Therefore, the 20X0 unearned revenue of $80 is recognized as revenue for 20X1. Paragraph 980-340-25-1 requires the remaining portion of the $100 difference ($20) to be capitalized as an incurred cost for which future recovery is assured by actions of the regulator.
","snippet":"In 20X1, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $100. Of that amount, $80 was allowable for rate-making purposes in 20X0. Therefore, the 2…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:222eaae5221a66e2d8925a7ae04c0a6a31a8a2c8a4790dcba2a3f64e54188820","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-16","para":"55-16","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the asset c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8e5c7c12746af8335e84673ca5a749113e27cfbe34c1eb2378d3b0a72aa4fd1","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-17","para":"55-17","html":"
In this case, the accounting required by this Topic changes the amount of net periodic pension cost that otherwise would have been recognized under Subtopic 715-30 requiring modification of the disclosure required by paragraph 715-20-50-1(h). (See the table in paragraph 980-715-55-10.)
","snippet":"In this case, the accounting required by this Topic changes the amount of net periodic pension cost that otherwise would have been recognized under Subtopic 715-30 requiring modification of the disclosure required by par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2057cafb5151d65614e3cd97f3ef181e7c5aa5bbe5583e3eb5dd62928ecd884","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-18","para":"55-18","html":"
In 20X2, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $30. None of that amount was allowable for rate-making purposes in prior years. Paragraph 980-340-25-1 requires the $30 to be capitalized as an incurred cost for which future recovery is assured by actions of the regulator.
","snippet":"In 20X2, the amount allowable for rate-making purposes is less than net periodic pension cost determined under Subtopic 715-30 by $30. None of that amount was allowable for rate-making purposes in prior years. Paragraph …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:696752f732070d1d2d4e621aef774ac605fe8e92d77d6c7f5e460eed95791ae2","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-19","para":"55-19","html":"
The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
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The situation in 20X2 is similar to that in 20X1, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)
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In 20X3, the amount allowable for rate-making purposes exceeds net periodic pension cost determined under Subtopic 715-30 by $80. In prior years (20X1 and 20X2), $50 of that amount was recognized as a capitalized cost.
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Accordingly, that capitalized cost ($50) is expensed in 20X3. Additionally, paragraph 980-405-25-1 requires recognition of a liability (unearned revenue) equal to the remaining portion ($30) of the amount allowable for rate-making purposes in excess of net periodic pension cost determined under Subtopic 715-30 [($200 - $120) - $50 = $30]. When that pension cost is incurred for financial reporting purposes, the $30 liability (unearned revenue) shall be eliminated and revenue shall be recognized.
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The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.
","snippet":"The journal entries to account for the accrual of net periodic pension cost and the contribution made to the pension plan during the year are as follows.\nTo record net periodic pension cost for the period and the liabili…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed85aeca734a92205f74001a42c83496394d0802cdcd922846eaa7cc10542aa2","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-24","para":"55-24","html":"
The situation in 20X3 is similar to that in 20X1 and 20X2, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)
","snippet":"The situation in 20X3 is similar to that in 20X1 and 20X2, necessitating additional disclosure. (See the table in paragraph 980-715-55-10.)","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b08d86de20911534c54dd10c87cb171188386031af4e7be3eea2f6c0f78c96b1","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},{"citation":"715-980-55-25","para":"55-25","html":"
The following illustrates the disclosure of the components of net periodic pension cost for 20X0-20X3. It is assumed that there is no transition asset or obligation remaining in accumulated other comprehensive income and there are no gains or losses for the four-year period.
","snippet":"The following illustrates the disclosure of the components of net periodic pension cost for 20X0-20X3. It is assumed that there is no transition asset or obligation remaining in accumulated other comprehensive income and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8ae9ee158444030599bd06a20a0259847f7e39cb979c99d90459793988c1e06","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3243b4ae5450e6e2d54189fccb239bd305206a2c75e1556c341f82f4b9673c23","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aabc5d48d3b4f29e9c40e24527243e2fed607f147f0d199ec9015dafd54ce31","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aabc5d48d3b4f29e9c40e24527243e2fed607f147f0d199ec9015dafd54ce31","downloaded_from":"2026-09-10T01:03:08.836Z","last_downloaded_at":"2026-09-10T01:03:08.836Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477713","source_sha256":"c5aa3a90746c54984b26a4bb15a3ea974e52a53655bd748772081a5161078130"}}