Carla Vista Company has a defined-benefit plan. At the end of 2021, it has determined the following information related to its pension plan: Projected benefit obligation   $ 1210000 Accumulated benefit obligation     1075000 Fair value of pension plan assets     980000 The amount of pension liability that is reported in Carla Vista's balance sheet at the end of 2021 is $95000. $365000. $135000. $230000.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 5E
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Carla Vista Company has a defined-benefit plan. At the end of 2021, it has determined the following information related to its pension plan:

Projected benefit obligation   $ 1210000
Accumulated benefit obligation     1075000
Fair value of pension plan assets     980000


The amount of pension liability that is reported in Carla Vista's balance sheet at the end of 2021 is

$95000.
$365000.
$135000.
$230000.
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