Computing the Amount of Prepaid/Accrued Pension Cost
Using the information given for the following three independent cases, compute the amount of prepaid/accrued pension cost that would be reported on the balance sheet. Clearly indicate whether the amount would be shown as an asset or as a liability.
|
|
Case 1 |
Case 2 |
Case 3 |
|
Unrecognized prior service cost |
$ 310 |
$ 190 |
$ 50 |
|
PBO |
1,000 |
900 |
1,000 |
|
Unrecognized net pension gain |
70 |
120 |
200 |
|
ABO |
750 |
800 |
850 |
|
FVPF |
700 |
1,300 |
900 |