Wacker & Adams Entity has a defined benefit plan. As of the end of the year, the fair value of plan assets is ₤245 million with rate of return of 7 percent. Benefit obligations rose 20 percent to a present value of ₤200 million. What is Wacker & Adams Entity's defined benefit liability or asset?

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The Answer of Wacker & Adams Entity has a defined benefit plan. As of the end of the year, the fair value of plan assets is ₤245 million with rate of return of 7 percent. Benefit obligations rose 20 percent to a present value of ₤200 million. What is Wacker & Adams Entity's defined benefit liability or asset?

Wacker & Adams Entity Has a Defined Benefit Plan