Question
The following information pertains to Evergreen Inc.s defined benefit plan. Description Dec. 31 Balance Projected benefit obligation $150,000 Cr. Plan assets at fair value 132,000
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The following information pertains to Evergreen Inc.s defined benefit plan.
Description Dec. 31 Balance
Projected benefit obligation $150,000 Cr.
Plan assets at fair value 132,000 Dr.
Accumulated OCIPension Gain/Loss 20,000 Dr.
Accumulated OCIPrior Service Cost 90,000 Dr.
Accumulated benefit obligation 130,000 Cr.
On Evergreen Incs December 31 balance sheet, what amounts would the company report for assets, liabilities and net AOCI stockholders equity?
Assets Liabilities Stockholders Equity
a. $0 $13,000 $70,000
b. $132,000 $150,000 $70,000
c. $0 $18,000 $110,000
d. $132,000 $150,000 $0
The following information pertains to Evergreen Inc.s defined benefit plan.
Description Dec. 31 Balance
Projected benefit obligation $150,000 Cr.
Plan assets at fair value 132,000 Dr.
Accumulated OCIPension Gain/Loss 20,000 Dr.
Accumulated OCIPrior Service Cost 90,000 Dr.
Accumulated benefit obligation 130,000 Cr.
On Evergreen Incs December 31 balance sheet, what amounts would the company report for assets, liabilities and net AOCI stockholders equity?
Assets Liabilities Stockholders Equity
| a. | $0 $13,000 $70,000
| |
| b. | $132,000 $150,000 $70,000
| |
| c. | $0 $18,000 $110,000
| |
| d. | $132,000 $150,000 $0
|
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
