Use the Following Information for Questions

question 46

Multiple Choice

Use the following information for questions
The following information for Cooper Enterprises is given below:
There was no accumulated OCI at January 1, 2016.The average remaining service life of employees is 10 years.
-What is the amount that Cooper Enterprises should report as its pension liability on its statement of financial position as of December 31, 2016?

• A)$100,000
• B)$15,000
• C)$105,000
• D)$200,000

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Definitions:

Easily Replaced Parts

Components in a product or system that are designed to be quickly and easily substituted when needed.

Critical Functions

Essential job duties that an employee must be able to perform, with or without reasonable accommodation.

Good Substitutes

Products or services that can be used in place of one another with minimal loss of utility or performance by the consumer.