Miles Co. had the following selected balances at December 31, 2015: $\begin{array}{lr}
\text { Projected benefit obligation } & \$ 4,650,000 \
\text { Accumulated benefit obligation } & 4,550,000 \
\text { Fair value of plan assets } & 4,340,000 \
\text { Accumulated OCl (PSC) } & 170,000
\end{array}$
InstructionsCalculate the pension asset / liability to be recorded at December 31, 2015.

Question

Miles Co. had the following selected balances at December 31, 2015: $\begin{array}{lr}
\text { Projected benefit obligation } & \$ 4,650,000 \
\text { Accumulated benefit obligation } & 4,550,000 \
\text { Fair value of plan assets } & 4,340,000 \
\text { Accumulated OCl (PSC) } & 170,000
\end{array}$ 
InstructionsCalculate the pension asset / liability to be recorded at December 31, 2015.

Quizplus · Accepted Answer

The Answer of Miles Co. had the following selected balances at December 31, 2015: $\begin{array}{lr}
\text { Projected benefit obligation } & \$ 4,650,000 \
\text { Accumulated benefit obligation } & 4,550,000 \
\text { Fair value of plan assets } & 4,340,000 \
\text { Accumulated OCl (PSC) } & 170,000
\end{array}$ 
InstructionsCalculate the pension asset / liability to be recorded at December 31, 2015.

Miles Co Had the Following Selected Balances at December 31, 2015