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Additional liability in pension plans

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Judy O'Neill Corporation provides the following information at December 31, 2007.
Accumulated benefit obligation $2,800,000
Plan assets at fair value 2,000,000
Accrued pension cost 200,000
Unrecognized prior service cost 1,100,000
Compute the additional liability that O'Neill must record at December 31, 2007

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Manal Elkhoshkhany, MBA
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  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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