Question
Flint Corp. has three defined benefit pension plans as follows. Pension Assets (at Fair Value) Projected Benefit Obligation Plan X $604,000 $498,000 Plan Y 984,000
Flint Corp. has three defined benefit pension plans as follows.
| Pension Assets (at Fair Value) | Projected Benefit Obligation | |||
| Plan X | $604,000 | $498,000 | ||
| Plan Y | 984,000 | 665,000 | ||
| Plan Z | 517,000 | 694,000 |
How will Flint report these multiple plans in its financial statements?
| Pension Asset | $ | |
| Pension Liability | $ |
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Public Sector Accounting And Auditing In Europe The Challenge Of Harmonization
Authors: I. Brusca, E. Caperchione, S. Cohen, F Manes Rossi
2015th Edition
1137461330, 978-1137461339
