Question 6 At December 31 , 2015 , the following information was provided by the Vargas Corp . pension plan administrator ." Fair value of plan assets $4. 500, 000 Accumulated benefit obligation 5, 580, 0.00 Projected benefit obligation 7 , 700 , 000 What is the amount of the pension liability that should be shown on Vargas' December* 31 , 2015, balance sheet ?" a $7 , 700 , 000 Selected : 6. $3 , 200, 000 This answer is correct . . C. $2, 120, 000 . d. $ 1, 080, 000