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What amount should East report as prepaid pension cost

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Question - On January 2, 20X2, East Corp. adopted a defined benefit pension plan. The plan's service cost of $150,000 was fully funded at the end of 20X2. Prior service cost was funded by a contribution of $60,000 in 20X2. Amortization of prior service cost was $24,000 for 20X2. At December 31, 20X2, what amount should East report as prepaid pension cost?

A) $90,000

B) $84,000

C) $60,000

D) $36,000

Reference no: EM132960356

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