Excess (Deficiency) using Page 60.35
I am having difficulty understanding the example
[from this part
..................
Anyway, suppose instead you're provided with the relevant information in this slightly different format:
undiscounted liabilities at Dec 31, 2021 for AYs 2021 & prior $100
paid during CY 2022 for AYs 2021 & prior $30
undiscounted liabilities at Dec 31, 2021 for AYs 2021 & prior $65
.....]
What is different between $100 and $65?
Comments
Sorry, typo. The 3rd line of information should have said, "...at Dec 31, 2022..." I've corrected it. Thanks.