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JDS Foods' projected benefit obligation, accumulated benefit obligation, and plan assets were $70 million, $60 million, and $47 million, respectively, at the end of the

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JDS Foods' projected benefit obligation, accumulated benefit obligation, and plan assets were $70 million, $60 million, and $47 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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