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Teal corporation has the following balances at december 31

Question - Teal Corporation has the following balances at December 31, 2017.

Projected benefit obligation	$2,474,000
Plan assets at fair value	1,851,000
Accumulated OCI (PSC)	1,126,000

What is the amount for pension liability that should be reported on Teal's balance sheet at December 31, 2017?

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Accounting Basics: Teal corporation has the following balances at december 31

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Accounting Basics: Teal corporation has the following balances at december 31

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