Claire, a publicly traded company, has the following defined benefit pension plans with the following information as of December 31, 2006:
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|
Plan A |
Plan B |
Plan C |
|
|
Projected benefit obligation |
100,000 |
150,000 |
180,000 |
|
Accumulated benefit obligation |
80,000 |
140,000 |
150,000 |
|
Fair value of plan assets |
110,000 |
125,000 |
160,000 |
Assume Claire will make no payments within the next 24 months to any pension plan. How should Claire report the pension plans on the December 31, 2006 balance sheet?
- A noncurrent liability of $35,000.
- A noncurrent asset of $10,000 and a noncurrent liability of $45,000.
- A noncurrent liability of $25,000.
- A noncurrent asset of $30,000 and a noncurrent liability of $25,000.