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What pension liability or pension asset must be reported

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Question - JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $90 million, $80 million, and $65 million, respectively, at the end of the year.

a. What, if any, pension liability or pension asset must be reported in the balance sheet?

b. What, if any, pension liability or pension asset must be reported in the balance sheet tithe plan assets were $111 million instead?

Reference no: EM133144667

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