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defon
3 years ago
14

"A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is

$45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000. What amount, if any, related to the defined benefit plan should be recognized in the balance sheet at December 31, year one
Business
1 answer:
tester [92]3 years ago
7 0

Answer:

$6,100

Explanation:

Data given in the question

Accumulated benefit obligation = $45,900

Projected benefit obligation = $68,100

Fair value of the plan assets = $62,000

So, by considering the above information, the benefit plan recognized is

= Projected benefit obligation - fair value of the plan assets

= $68,100 - $62,000

= $6,100

Hence, the accumulated benefit obligation is ignored

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The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______
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