The following information for Monroe Enterprises is given below:
There were no actuarial gains or losses at January 1, 2008. The average remaining service life of employees is 10 years.
-What is the amount that Monroe Enterprises should report as its pension liability on its balance sheet as of December 31, 2008?
A) $100,000
B) $15,000
C) $185,000
D) $200,000

Question

The following information for Monroe Enterprises is given below:
  There were no actuarial gains or losses at January 1, 2008. The average remaining service life of employees is 10 years.
-What is the amount that Monroe Enterprises should report as its pension liability on its balance sheet as of December 31, 2008?
A) $100,000 
B) $15,000 
C) $185,000 
D) $200,000

Quizplus · Accepted Answer

$200,000 - $100,000 = $100,000

The Following Information for Monroe Enterprises Is Given Below