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What is the amount that cooper enterprises should report

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Reference no: EM132048811

Question - The following information for Cooper Enterprises is given below:

December 31, 2018 Assets and obligations

Plan assets (at fair value) $600,000

Accumulated benefit obligation 1,110,000

Projected benefit obligation 1,200,000

Other Items

Pension asset / liability, January 1, 2018 30,000

Contributions 360,000

Accumulated other comprehensive loss 503,700

There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years.

What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?

$600,000

$90,000

$1,110,000

$1,200,000

Reference no: EM132048811

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