Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Edgerton Co. had the following selected balances at December 31, 2018:
280,000
Calculate the value of Edgerton's pension asset/liability at December 31,2018.
I just subtracted the fair value $4,670,000 from the PBO of $4,840,000 and my answer is $170,000 Pension Liability. Could you tell me if I am correct or if I need to do something with the other two items listed above?
