Presented below is information related to Decker Manufacturing Company as of December 31, 2018: Projected...
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Accounting
Presented below is information related to Decker Manufacturing Company as of December 31, 2018: Projected benefit obligation $1,700,000 Accumulated OCI -net gain 600,000 Accumulated OCI (PSC) 810,000 The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1,200,000. The pension asset / liability reported on the balance sheet at December 31, 2018 is
A) Pension liability of $500,000
B)Pension liability of $1,200,000
C) Pension liability of $1,700,000
D) Pension liability of $2,510,000
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