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    Analyze Skywalker's Pension Related Items

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    QUESTION

    This assignment is a detailed examination of Skywalker's pension-related items. As of December 31, 2011, the $253 in "Other long term liabilities" reported by Skywalker included an amount for a net pension liability. In addition, Skywalker's $456 in "Other operating expenses" for 2011 included an amount for net pension expense.
    The following information relates to Skywalker's pension plan as of December 31, 2011.
    Fair value of pension funds.......................................................................................................................... ...

    Solution Summary

    The solution analyzes Skywalker's pension related items and computes net pension liability.

    $2.19

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