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Calculate account and amount related to the pension plan

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Question: At the end of the current year, Kennedy Co. has a defined benefit obligation of $335,000 and pension plan assets with a fair value of $245,000. The amount of the vested benefits for the plan is $225,000. Kennedy has an actuarial gain of $8,300. What account and amount(s) related to its pension plan will be reported on the company's statement of financial position?

(a) Pension Liability and $74,300.

(b) Pension Liability and $90,000.

(c) Pension Asset and $233,300.

(d) Pension Asset and $110,000.

Reference no: EM131593537

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