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.
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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