ABC began a defined benefit pension plan for its employees on Jan 1, 2018. The following data are provided for 2018 as of Dec 31, 2018: Projected benefit obligation is $634 Accumulated benefit obligation is $418.44 Plan assets at fair value is $821 Pension expense is $192.48 Employer's cash contribution (end of year) is $361 What amount should ABC report as a net pension liability (asset) at Dec 31, 2018. (Enter net pension liability as a positive amount)
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Home » Business » ABC began a defined benefit pension plan for its employees on Jan 1, 2018. The following data are provided for 2018 as of Dec 31, 2018: Projected benefit obligation is $634 Accumulated benefit obligation is $418.