Business

Liberty Phillips

29 May, 01:46

On January 1 of the current year, East Corp. adopted a defined benefit pension plan. The planâs service cost of $75,000 was fully funded at the end of the current year. Prior service cost was fully funded by a contribution of $30,000 in the current year. Amortization of prior service cost was $12,000 for the current year. Pension expense has no other components. What is the amount of Eastâs pension assets at December 31 of the current year?

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