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Cooper Tire and Battery previously offered their employees a Defined Benefit Plan. The year-end general ledger contains the following balances: Plan Assets PBO PBO Due
Cooper Tire and Battery previously offered their employees a Defined Benefit Plan. The year-end general ledger contains the following balances: Plan Assets PBO PBO Due in the Next 12 Months $12,000,000 $10,000,000 $1,000,000 How should these amounts be reported on the Balance Sheet? Multiple Choice Current Asset SO Long Term Asset So Current Liability $1,000,000 Long Term Liability $1,000,000 Current Asset $12,000,000 Long Term Asset SO Current Liability $1,000,000 Long Term Liability $9,000,000 O O Current Asset $0 Long Term Asset $2.000.000 Current Liability $0 Long Term Liability $O Current Asset $o Long Term Asset $12.000.000 Current Liability $0 Long Term Liability $10,000,000
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