What if any pension liability must be reported in the


Problem

JDS Foods' projected benefit obligation, accumulated benefit obligation, and plan assets were $85 million, $75 million, and $66 million, respectively, at the end of the year.

What, if any, pension liability must be reported in the balance sheet?

What would JDS report if the plan assets were $100 million instead?

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Accounting Basics: What if any pension liability must be reported in the
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