A company has a defined benefit pension liability of $600,000 at the beginning of the year. The
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A company has a defined benefit pension liability of $600,000 at the beginning of the year. The company contributes $3,800,000 to the pension during the year and records a pension expense of $3,600,000.
Required:
Determine the value of the defined benefit pension liability prior to fair value re-measurements.
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