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As of December 31, Year 1, HKD Company has the present value of the defined benefit obligation of $125,000, and the fair value of plan

As of December 31, Year 1, HKD Company has the present value of the defined benefit obligation of $125,000, and the fair value of plan assets of $82,000. How much liability should HKD Company recognize for other long-term employee benefits? Multiple choice question. $207,000 $82,000 $125,000 $43,000

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