Question
The following information relates to a company for the Year Ended December 31, 2020: Annual contribution to plan $552,000 Accumulated OCI PSC 481,000 Accumulated OCI
The following information relates to a company for the Year Ended December 31, 2020:
Annual contribution to plan $552,000
Accumulated OCI PSC 481,000
Accumulated OCI Net Loss 468,000
Plan assets (at fair value) 818,000
Pension expense 597,000
Projected benefit obligation 949,000
The pension asset/liability the company will report on the December 31, 2020 balance sheet is: ______. Very important: If the company reports a Pension Liability, put a minus sign in front of the amount. If the company reports a Pension Asset, then enter the amount without any plus or minus sign.
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