The following data relate to the defined benefit pension plan of the Brotherhood Corp.for the years 2013-2015:
At December 31,2012,the books of Youngblood Corp.reflected a pension liability of $30,000.The fair value of pension fund assets at that date was $1,300,000.The pension fund is administered by an independent trustee.

Question

The following data relate to the defined benefit pension plan of the Brotherhood Corp.for the years 2013-2015:
  At December 31,2012,the books of Youngblood Corp.reflected a pension liability of $30,000.The fair value of pension fund assets at that date was $1,300,000.The pension fund is administered by an independent trustee.

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The Answer of The following data relate to the defined benefit pension plan of the Brotherhood Corp.for the years 2013-2015:
  At December 31,2012,the books of Youngblood Corp.reflected a pension liability of $30,000.The fair value of pension fund assets at that date was $1,300,000.The pension fund is administered by an independent trustee.

The Following Data Relate to the Defined Benefit Pension Plan