FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Presented below is information related to Blossom Manufacturing Company as of December 31, 2021:
| Projected benefit obligation | $ | 1600000 | |
| Accumulated OCI -net gain | 580000 | ||
| Accumulated OCI (PSC) | 790000 |
The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1102000.
The pension asset / liability reported on the
pension liability of $1102000.
Pension liability of $498000.
Pension liability of $2390000.
Pension liability of $1600000.
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