At December 31, 2008, the following information was provided by the Nilges Corp. pension plan administrator:
What is the amount of the pension liability that should be shown on Nilges' December 31, 2008 balance sheet?
A) $7,200,000
B) $2,700,000
C) $1,620,000
D) $1,080,000

Question

At December 31, 2008, the following information was provided by the Nilges Corp. pension plan administrator:
 What is the amount of the pension liability that should be shown on Nilges' December 31, 2008 balance sheet?
A) $7,200,000 
B) $2,700,000 
C) $1,620,000 
D) $1,080,000

Quizplus · Accepted Answer

$7,200,000 - $4,500,000 = $2,700,000.

At December 31, 2008, the Following Information Was Provided by the Nilges