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The following information pertains to Lasting Inc.'s defined benefit plan. Description Dec. 31 Balance Projected benefit obligation $145,000 Cr. Plan assets at fair value 132,000
The following information pertains to Lasting Inc.'s defined benefit plan. Description Dec. 31 Balance Projected benefit obligation $145,000 Cr. Plan assets at fair value 132,000 Dr. Accumulated OCI-Pension Gain/Loss 18,000 Dr. Accumulated OCI-Prior Service Cost 88,000 Cr. Accumulated benefit obligation 128,000 Cr. On Lasting Inc's December 31 balance sheet, what amounts would the company report for assets, liabilities and stockholders' equity? Select one: a. Assets Liabilities Stockholders' Equity $0 $13,000 $70,000 b. Assets Liabilities Stockholders' Equity $132,000 $145,000 $70,000 X C Assets Liabilities Stockholders' Equity $0 $13,000 $0 d. Assets Liabilities Stockholders' Equity $132,000 $145,000 $0 e Assets $132,000 Liabilities Stockholders' Equity $128,000 $70,000
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