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.
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Case 1
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Case 2
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Case 3
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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
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