Computing the amount of prepaid/accrued pension cost

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Computing the Amount of Prepaid/Accrued Pension Cost

Using the information given for the following three independent cases, compute the amount of prepaid/accrued pension cost that would be reported on the balance sheet. Clearly indicate whether the amount would be shown as an asset or as a liability.

 

Case 1

Case 2

Case 3

Unrecognized prior service cost                             

$ 310

$ 190

$ 50

PBO                                                 

1,000

900

1,000

Unrecognized net pension gain                              

70

120

200

ABO                                                 

750

800

850

FVPF                                                 

700

1,300

900

 

Reference no: EM13553662

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