I believe it would be the answer B
Answer is given below
Explanation:
- Asset is The property means and controls the business owner and its use will generate future financial benefits.
- Liability is the current liability of an organization arising from past events, which is the flow of financial benefit from settlement.
- Equity is the remaining interest in a company because its liabilities are deducted from the assets.
- Revenue means income derived from the normal activities of the business.
- Expense arises at time in the morning activities
S.no Particulars Answer
a Advertisement expense expense
b rent expense expense
c rent receivable Asset
d Machinery Asset
e Account payable Liability
f Furniture Asset
g common stock Equity
h Utility Expense expense
Answer: Net Pension liability of $29 million
Explanation:
A net pension liability will be reported when the obligations of the employer which is the Projected benefit obligation, exceeds the Plan assets because the company has less resources than required to satisfy its obligations.
A net pension asset will be when the Projected Benefit Obligation (PBO) is less than the Plan assets.
In this case, there will be a Net pension liability of;
= PBO - Plan assets
= 75 - 46
= $29 million
