Presented below is information related to Sheridan Manufacturing Company as of December 31, 2021: Projected benefit obligation
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Presented below is information related to Sheridan Manufacturing Company as of December 31, 2021:
Projected benefit obligation | $ | 1350000 | |
Accumulated OCI -net gain | 530000 | ||
Accumulated OCI (PSC) | 740000 |
The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $857000.
The pension asset / liability reported on the balance sheet at December 31, 2021 is
Pension liability of $493000. |
Pension liability of $857000. |
Pension liability of $2090000. |
Pension liability of $1350000. |
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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