Solution-Find the amount reported as the total pension

Find the amount reported as the total pension liability

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Question - Barkley Corporation received the following report from its actuary at the end of the year:

	December 31, 2007	December 31, 2008
Projected benefit obligation	$1,600,000	$1,800,000
Market-related asset value	1,400,000	1,420,000
Accumulated benefit obligation	1,300,000	1,480,000
Fair value of pension plan assets	1,380,000	1,440,000
Prepaid pension cost	80,000	100,000

Assume that no prepaid or accrued pension cost exists on January 1, 2007.

Required - Find the amount reported as the total pension liability at December 31, 2007?

Find the amount reported as the total pension liability at December 31, 2008?

Reference no: EM133049066

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Find the amount reported as the total pension liability

Reference no: EM133049066

Reference no: EM133049066

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