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JDS Foods projected benefit obligation, accumulated benefit obligation, and plan assets were $65 million, $55 million, and $37 million, respectively, at the end of the
JDS Foods projected benefit obligation, accumulated benefit obligation, and plan assets were $65 million, $55 million, and $37 million, respectively, at the end of the year.
What, if any, pension liability must be reported in the balance sheet?
What would JDS report if the plan assets were $89 million instead?
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