Gin the year of 2001, when the former ceo jack welch retired, ge reported pension revenue (or negative pension expense) of $615 million in the footnote 6. however, in ge’s most recent 10-k footnote 13, pension expense of $4,129 million is disclosed. considering that ge’s total revenues for fy 2018 are $121,615 million, it is imperative for us to understand the way pension expense is calculated. explain why the pension expenses of 2001 and 2018 are drastically different.
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Gin the year of 2001, when the former ceo jack welch retired, ge reported pension revenue (or negati...
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