Question 19

Presented below is information related to Ivanhoe Manufacturing Company as of December 31, 2018:

Projected benefit obligation$1800000

Accumulated OCI -net gain620000

Accumulated OCI (PSC)830000

The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1298000.

The pension asset / liability reported on the balance sheet at December 31, 2018 is

a)Pension liability of $1298000.

b)Pension liability of $1800000.

c)Pension liability of $2630000.

d)Pension liability of $502000.