Gorilla, Corp What Amount Should Gorilla Record as Additional Minimum Pension Liability

question 86

Multiple Choice

Gorilla, Corp. implemented a defined-benefit pension plan for its employees on January 2, 2012. The following data are provided for year 2012, as of December 31, 2012. $\begin{array}{llcc} \text {Accumulated benefit obligation } & \$103,000 \\ \text { Plan assets at fair value } &78,000\\ \text { Net period pension expense } &90,000\\ \text { Employer's contribution} &70,000\\ \end{array}$
What amount should Gorilla record as additional minimum pension liability at December 31, 2012?

• A) $0
• B) $5,000
• C) $20,000
• D) $45,000

Knowledge of online resources for job information.

Comprehension of organizational processes for employee identification.

Understanding the use and importance of the Critical Incident Technique in job performance.

Recognizing structured interviews and their application in job interviews.

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Definitions:

Creatine Phosphate

A high-energy compound stored in muscles, utilized during short bursts of intense physical activity.

Lactic Acid

A compound generated within muscles during rigorous physical activity, frequently linked to feelings of muscle tiredness and discomfort.

Glucose

A simple sugar that serves as a primary source of energy for the body's cells.

Muscular Endurance

The ability of a muscle, or group of muscles, to perform repetitive contractions over a period of time without becoming fatigued.