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The following pension plan information is for Pharoah Company at December 31, 2018. Projected benefit obligation $ 8600000 Accumulated benefit obligation 7550000 Plan assets (at
The following pension plan information is for Pharoah Company at December 31, 2018.
| Projected benefit obligation | $ | 8600000 | |
| Accumulated benefit obligation | 7550000 | ||
| Plan assets (at fair value) | 6128000 | ||
| Accumulated OCI (PSC) | 460000 | ||
| Pension expense for 2018 | 2600000 | ||
| Contribution for 2018 | 2008000 |
The amount to be reported as the liability for pensions on the December 31, 2018 balance sheet is
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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
