At 31 March 2007, the present value of AZB's pension obligation is $1 634 000. The fair

Question:

At 31 March 2007, the present value of AZB's pension obligation is $1 634 000. The fair value of the pension plan assets is $1 337 000. Unrecognized actuarial losses are $224 000.
What is the amount of the liability in respect of the pension scheme that should be recognized in the balance sheet?
A: $73 000 B: $297 000 C: $521 000 D: $1 634 000