Question
The following information for Cooper Enterprises is given below: December 31, 2018 Assets and obligations Plan assets (at fair value) $600,000 Projected benefit obligation $1,200,000
The following information for Cooper Enterprises is given below:
December 31, 2018
Assets and obligations
Plan assets (at fair value) $600,000
Projected benefit obligation $1,200,000
What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?
#15. Pension Liability = $
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
