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galina1969 [7]
3 years ago
11

At December 31, 2017, Windsor Corporation had a projected benefit obligation of $819,000, plan assets of $437,000, and prior ser

vice cost of $198,000, in accumulated other comprehensive income. Determine the pension asset/liability at December 31, 2017.
Business
1 answer:
bogdanovich [222]3 years ago
3 0

Answer:

$382,000

Explanation:

Calculation to Determine the pension asset/liability at December 31, 2017

Using this formula

Pension asset/liability =Projected benefit obligation - Plan assets

Let plug in the formula

Pension asset/liability=$819,000 - $437,000

Pension asset/liability=$382,000

Therefore the Pension asset/liability at December 31, 2017 will be $382,000

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