Presented Below Is Pension Information Related to Waters Company as of December

question 9

Multiple Choice

Presented below is pension information related to Waters Company as of December 31, 2015: $\begin{array}{lr}\text { Accumulated benefit obligation } & \$ 3,000,000 \\\text { Projected benefit obligation } & 3,500,000 \\\text { Plan assets (at fair value) } & 3,750,000 \\\text { Accumulated } \mathrm{OCl}(\mathrm{G} / \mathrm{L}) & 100,000\end{array}$ The amount to be reported as Pension Asset / Liability as of December 31, 2015 is

• A) Pension Liability of $500,000.
• B) Pension Asset of $750,000.
• C) Pension Liability of $250,000.
• D) Pension Asset of $250,000.

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