Question
The following information relates to Jackson, Inc.: For the Year Ended December 31, 2014 2015 Plan assets (at fair value) $1,360,000 $1,814,000 Pension expense 570,000
The following information relates to Jackson, Inc.:
For the Year Ended December 31, 2014 2015
Plan assets (at fair value) $1,360,000 $1,814,000
Pension expense 570,000 450,000
Projected benefit obligation 1,620,000 1,934,000
Annual contribution to plan 600,000 450,000
Accumulated OCI (PSC) 480,000 420,000
What is the amount to be reported as a liability for pensions on the December 31, 2015 balance sheet?
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
