Abc began a defined benefit pension plan for its employees on jan 1, 2018. the following data are provided for 2018 as of dec 31, 2018: projected benefit obligation is $634 accumulated benefit obligation is $418.44 plan assets at fair value is $821 pension expense is $192.48 employer's cash contribution (end of year) is $361 what amount should abc report as a net pension liability (asset) at dec 31, 2018. (enter net pension liability as a positive amount)

$187 ⇒ Amount should ABC report as a net pension liability (asset) at Dec 31, 2018

Explanation:

Given that,

Data for 2018 as of Dec 31, 2018 are as follows:

Projected benefit obligation = $634

Accumulated benefit obligation = $418.44

Plan assets at fair value = $821

Pension expense = $192.48

Employer's cash contribution (end of year) = $361

The amount should company report as a net pension liability at Dec 31, 2018 as follows:

Net Pension Liability =  Projected benefit obligation - Plan assets at fair value

= $634 - $821

= $187 ⇒ Amount should ABC report as a net pension liability (asset) at Dec 31, 2018

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )