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In its december 31 2008 balance sheet what amount should

Question - The following information pertains to Kane Co.s defined pension plan for 2008: cost

Pension Asset/Liablility Jan 1 2,000dr

service cost 19,000

interest cost 38,000

actural return on plan asset 22,000

amortization of unrecognized prior service 52,000

employer contributions 40,000

expected return on plan assets 18,000

In its December 31, 2008 balance sheet, what amount should Kane report as pension asset/liability?

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Accounting Basics: In its december 31 2008 balance sheet what amount should

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