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ABC began a defined benefit pension plan for its employees on Jan 1, 2018. The following data are provided for 2018 as of Dec 31,
ABC began a defined benefit pension plan for its employees on Jan 1, 2018. The following data are provided for 2018 as of Dec 31, 2018:
- Projected benefit obligation is $514
- Accumulated benefit obligation is $318.68
- Plan assets at fair value is $654
- Pension expense is $143.41
- Employer's cash contribution (end of year) is $338
What amount should ABC report as a net pension liability (asset) at Dec 31, 2018. (Enter net pension liability as a positive amount)?
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