A Company Has a Defined Benefit Pension Liability of $3,750,000

question 52

Essay

A company has a defined benefit pension liability of $3,750,000 at the end of the year.The company contributes $5,500,000 to the pension during the year and records a pension expense of $8,200,000.
Requirement:
Determine the value of the defined benefit pension liability at the beginning of the year.

---

Definitions:

LMS

A Learning Management System (LMS) is a software application for the administration, documentation, tracking, reporting, and delivery of educational courses or training programs.

Modified Date

The date on which a file or document was last altered or saved after being created or previously modified.

Left-Handed

Referring to individuals who predominantly use their left hand for activities such as writing and handling objects, often requiring specific ergonomic adaptations.

Arithmetic Logic Unit

A component of a computer's processor (CPU) responsible for carrying out arithmetic and logic operations, such as addition, subtraction, and comparisons.