Computation of the Minimum Pension Liability For each of the following cases, compute the amount of… 1 answer below »

Computation of the Minimum Pension Liability

For each of the following cases, compute the amount of any necessary new addition to the minimum pension liability.

 

 

 

 

 

Existing

 

 

Accumulated

Prepaid

Accrued

Additional

 

Fair Value of

Benefit

Pension

Pension

Pension

 

Pension Fund

Obligation

Cost

Liability

Liability

Case 1              

$10,000

$12,000

$ 0

$500

$ 0

Case 2              

10,000

12,000

0

500

700

Case 3              

10,000

9,000

500

0

0

Case 4              

10,000

12,000

500

0

0

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