Gorilla,Corp.implemented a defined-benefit pension plan for its employees on January 2,2012.The following data are provided for year 2012,as of December 31,2012. What amount should Gorilla record as additional minimum pension liability at December 31,2012?
A) $0
B) $5,000
C) $20,000
D) $45,000

Question

Gorilla,Corp.implemented a defined-benefit pension plan for its employees on January 2,2012.The following data are provided for year 2012,as of December 31,2012.  What amount should Gorilla record as additional minimum pension liability at December 31,2012?
A) $0 
B) $5,000 
C) $20,000 
D) $45,000

Quizplus · Accepted Answer

The Answer of Gorilla,Corp.implemented a defined-benefit pension plan for its employees on January 2,2012.The following data are provided for year 2012,as of December 31,2012.  What amount should Gorilla record as additional minimum pension liability at December 31,2012?
A) $0 
B) $5,000 
C) $20,000 
D) $45,000