What amount will be presented on the balance sheet for fiscal 2015? $$\begin{array} { | l | r | r | }
\hline & \text { Fiscal 2014 } & \text { Fiscal 2015 } \
\hline \text { Fair value of pension plan assets } & 50,000,000 & 45,000,000 \
\hline \text { Accrued pension obligation } & 60,000,000 & 42,000,000 \
\hline \text { Contributions } & 7,000,000 & 10,000,000 \
\hline \text { Benefits } & 8,000,000 & 8,000,000 \
\hline
\end{array}$$

Question

What amount will be presented on the balance sheet for fiscal 2015? $$\begin{array} { | l | r | r | } 
\hline & \text { Fiscal 2014 } & \text { Fiscal 2015 } \
\hline \text { Fair value of pension plan assets } & 50,000,000 & 45,000,000 \
\hline \text { Accrued pension obligation } & 60,000,000 & 42,000,000 \
\hline \text { Contributions } & 7,000,000 & 10,000,000 \
\hline \text { Benefits } & 8,000,000 & 8,000,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The correct answer is A because the balance sheet for fiscal 2015 will present a $3,000,000 surplus. This is calculated by taking the fair value of the pension plan assets ($45,000,000) and subtracting the accrued pension obligation ($42,000,000).

What Amount Will Be Presented on the Balance Sheet for Fiscal