Question
Maliya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2021: Service cost for 2021 $ 45,000
Maliya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2021:
Service cost for 2021 $ 45,000
Accumulated benefit obligation 683,000
Plan assets at fair value 630,000
Accumulated OCI (PSC) 300,000
Vested benefit obligation 505,000
Market-related asset value 725,000
Projected benefit obligation 865,000
Accumulated OCI net gain 90,000
Interest on projected benefit obligation 64,000
Instruction: Calculate the pension asset / liability to be recorded at December 31, 2021.
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Audits Of Public Companies Continued Concentration In Audit Market For Large Public Companies Does Not Call For Immediate Action
Authors: United States Government Accountability
1st Edition
1297008111, 978-1297008115
