Question

at the end of the current period oriole had a projected benefit obligation of and pension plan assets of what are the accounts and amounts that will be reported on the company's balance sheet as pension assets

Answer 1

The accounts and amounts that will be reported on the company's balance sheet as pension assets are:

1. Pension Plan Assets: The amount reported will be equal to the projected benefit obligation of the company.

2. Accrued Pension Benefit Liability: The amount reported will be equal to the difference between the projected benefit obligation and the pension plan assets.

The Pension Plan Assets account will be reported as the current market value of the pension plan assets.

The Accumulated Benefit Obligation account will be reported as the projected benefit obligation, which is the current value of the benefits that will be owed to employees in the future.

The difference between these two amounts is the company's net pension assets or liabilities.

For example, if the projected benefit obligation is $3 million and the pension plan assets are $2.5 million, the net pension assets would be reported as a liability of $0.5 million.

To know more about pensions here

brainly.com/question/15395365

#SPJ4