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Charles Company has the following information at December 31, 2019 related to its pension plan: Accumulated benefit obligation$5,300,000 Projected benefit obligation$6,450,000 Plan assets (fair value)$6,150,000
Charles Company has the following information at December 31, 2019 related to its pension plan:
Accumulated benefit obligation$5,300,000
Projected benefit obligation$6,450,000
Plan assets (fair value)$6,150,000
Accumulated OCI (PSC)$325,000
What is the amount of pension asset (liability) Charles would recognize at 12-31-19? Be sure to indicate if the amount is an asset or a liability.
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