The following information for Sheridan Enterprises is given below:       December 31, 2021   Assets and obligations           Plan assets (at fair value)     $720000     Accumulated benefit obligation     1235000     Projected benefit obligation     1325000   Other Items           Pension asset / liability, January 1, 2021     35000     Contributions     410000     Accumulated other comprehensive loss     628700   There were no actuarial gains or losses at January 1, 2021. The average remaining service life of employees is 10 years. What is the amount that Sheridan Enterprises should report as its pension liability on its balance sheet as of December 31, 2021?     $1325000   $90000   $1235000   $605000

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.