Solved: The amount reported as the pension liability on nobles, Accounting Basics

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The amount reported as the pension liability on nobles

Question - Presented below is information related to Nobel Inc. as of December 31, 2013.

Accumulated OCI (G/L) $ 90,000

Projected benefit obligation 3,600,000

Accumulated benefit obligation 3,420,000

Vested benefits 1,620,000

Plan assets (at fair value) 3,354,000

Accumulated OCI (PSC) 0

The amount reported as the pension liability on Noble's balance sheet at December 31, 2013 is?

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Accounting Basics: The amount reported as the pension liability on nobles

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Accounting Basics: The amount reported as the pension liability on nobles

Reference No:- TGS02604757

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