Barkley Corporation received the following report from its actuary at the end of the year:

-The amount reported as the pension liability at December 31, 2007 is
A) $0.
B) $200,000.
C) $220,000.
D) $300,000.

Name: Barkley Corporation received the following report from its actuary at the end of the year: -The amount reported as the pension liability at December 31, 2007 is A) $0. B) $200,000. C) $220,000. D) $300,000.
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Question

Barkley Corporation received the following report from its actuary at the end of the year:
 
-The amount reported as the pension liability at December 31, 2007 is
A) $0. 
B) $200,000. 
C) $220,000. 
D) $300,000.

Quizplus · Accepted Answer

$1,600,000 - $1,380,000 = $220,000.

Barkley Corporation Received the Following Report from Its Actuary at the End