Presented below is pension information related to Waters Company as of December 31, 2015: $\begin{array}{lr}
\text { Accumulated benefit obligation } & \$ 3,000,000 \
\text { Projected benefit obligation } & 3,500,000 \
\text { Plan assets (at fair value) } & 3,750,000 \
\text { Accumulated } \mathrm{OCl}(\mathrm{G} / \mathrm{L}) & 100,000
\end{array}$ The amount to be reported as Pension Asset / Liability as of December 31, 2015 is

Question

Quizplus · Accepted Answer

The pension asset/liability is calculated as the difference between the fair value of plan assets and the projected benefit obligation. Here, the plan assets ($3,750,000) exceed the projected benefit obligation ($3,500,000) by $250,000, resulting in a pension asset of $250,000.

Presented Below Is Pension Information Related to Waters Company as of December