Answer:
amount of pension liability = $120,000
so correct option is B. $120,000
Explanation:
given data
Projected benefit = $730,000
Accumulated benefit = 660,000
Fair value pension plan assets = 610,000
to find out
amount of pension liability reported in Rossi balance sheet at the end
solution
we get here amount of pension liability that is express as
amount of pension liability = Projected benefit - Fair value of pension plan assets ............1
put here value we get
amount of pension liability = $730,000 - $610,000
amount of pension liability = $120,000
so correct option is B. $120,000
