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Recording pension asset / liability. Amber Co. had the following selected balances at December 31, 2021: Projected benefit obligation $4,950,000 Accumulated benefit obligation 4,550,000 Fair
Recording pension asset / liability.
Amber Co. had the following selected balances at December 31, 2021:
Projected benefit obligation $4,950,000
Accumulated benefit obligation 4,550,000
Fair value of plan assets 4,340,000
Accumulated OCI (PSC) 170,000
Instruction: Calculate the pension asset / liability to be recorded at December 31, 2021.
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