Calculate Surplus or Deficit

question 32

Essay

Calculate surplus or deficit
Sunshine Company calculated its defined benefit obligation at December 31, 2020 to be $ 2,590,000. The fair value of the plan assets on the same date was $ 2,685,000.
Instructions
Calculate Sunshine Company's plan surplus or deficit and explain what the surplus or deficit means.

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Definitions:

Personality Assessment

The measurement of personal characteristics through various techniques, including questionnaires and observational methods, to understand individual differences.

Projective

A psychological testing methodology where individuals interpret ambiguous stimuli, providing insight into their subconscious thoughts, feelings, or desires.

Inventory

An inventory refers to a complete list of items such as goods in stock, or the contents of a building.

Animus

In Jungian psychology, the masculine aspect of the female psyche or an inner masculine personality in women.