technological advances during the 18th century saw the introduction of the cylinder escapement and the spring detent escapement by Arnold and Earnshaw with a bimetallic compensation balance
, but the lever escapement developed by Thomas Mudge proved to be the most valuable asset to the watch-making industry of the time.
When a swap participant forfeits an existing deferred compensation balance
, the company makes adjustments to reverse the accrued deferred compensation liability under APB Opinion no.
The writers have organized cash flow subsections that discuss paid loss retros, compensation balance
, pooling, self-insurance, and captive plans, again offering at the end of each subsection a plan's particular cash flow advantages and disadvantage.