What Amount Will Be Presented on the Balance Sheet for Fiscal

question 39

Multiple Choice

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

• A)$5,000,000 surplus
• B)$5,000,000 deficit
• C)$7,000,000
• D)$60,000,000

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