Masons' balance sheet shows a defined benefit asset of $740,000.Records show that there are $89,000 of past service costs and $610,000 of actuarial losses that remain unamortized.
Required:
Using the pension reconciliation required in the company's note disclosures,determine the pension plan's surplus or deficit.

Question

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The Answer of Masons' balance sheet shows a defined benefit asset of $740,000.Records show that there are $89,000 of past service costs and $610,000 of actuarial losses that remain unamortized.
Required:
Using the pension reconciliation required in the company's note disclosures,determine the pension plan's surplus or deficit.

Masons' Balance Sheet Shows a Defined Benefit Asset of $740,000