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At December 31, 2018, the following information was provided by the Vargas Corp. pension plan administrator: Fair value of plan assets $5,400,000 Accumulated benefit obligation
At December 31, 2018, the following information was provided by the Vargas Corp. pension plan administrator: Fair value of plan assets $5,400,000 Accumulated benefit obligation 6,700,000 Projected benefit obligation 8,900,000 What is the amount of the pension liability that should be shown on Vargas' December 31, 2018 balance sheet?
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