What Amount Will Be Presented on the Balance Sheet for Fiscal

question 76

Multiple Choice

What amount will be presented on the balance sheet for fiscal 2015? $$\begin{array} { | l | r | r | } \hline & \text { Fiscal 2014 } & \text { Fiscal 2015 } \\\hline \text { Fair value of pension plan assets } & 50,000,000 & 45,000,000 \\\hline \text { Accrued pension obligation } & 60,000,000 & 42,000,000 \\\hline \text { Contributions } & 7,000,000 & 10,000,000 \\\hline \text { Benefits } & 8,000,000 & 8,000,000 \\\hline\end{array}$$

• A)$3,000,000 surplus
• B)$3,000,000 deficit
• C)$5,000,000
• D)$8,000,000

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Definitions:

Logistics

The comprehensive coordination of complex operations involved in the movement, storage, and processing of goods and materials from origin to consumption.

Logistics

The detailed coordination of a complex operation involving many people, facilities, or supplies, in the movement of products or materials.

Integrated Supply Chain

An integrated supply chain is a cohesive system where every stage, from supplier to customer, is effectively coordinated and managed to optimize efficiency and reduce costs.

Raw Material Procurement

The process of acquiring the basic materials needed for production or manufacturing.