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What is the government net pension liability

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Question - A government has a single-employer defined benefit pension plan for its fire fighters. At its December 31, 2022 fiscal year-end, the government had a total pension liability for the plan of $1,200,000 and the related pension's plan net position was $800,000. On December 31, 2023, the government had a total pension liability for the plan of $1,300,000 and the related pension's plan net position was $780,000.

Required - What is the government's net pension liability in its government-wide financial statements on December 31, 2022?

Reference no: EM133182713

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