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On January 2, 20X2, East Corp. adopted a defined benefit pension plan. The plan's service cost of $150,000 was fully funded at the end of
On January 2, 20X2, East Corp. adopted a defined benefit pension plan. The plan's service cost of $150,000 was fully funded at the end of 20X2. Prior service cost was funded by a contribution of $60,000 in 20X2. Amortization of prior service cost was $24,000 for 20X2. At December 31, 20X2, what amount should East report as prepaid pension cost?
$60,000
$36,000
$84,000
$90,000
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