Given the Following Information,compute December 31,2012 Projected Benefit Obligation (PBO)and

question 63

Essay

Given the following information,compute December 31,2012 projected benefit obligation (PBO)and fair market value (FMV)of plan assets for Eagan Company.
$\begin{array}{|l|r}\hline \text { Prior service cost granted in a 2012 plan amendment } & \$ 115,000 \\\hline \text { Interest on PBO } & 73,000 \\\hline \text { Actual return on plan assets } & 101,000 \\\hline \text { Service cost } & 84,000 \\\hline \text { Contribution sent to plan trustee } & 62,000 \\\hline \text { Benefit payments to retirees } & 24,000 \\\hline \text { Liability loss (gain) } & (37,000) \\\hline \text { FMV of plan assets, January 1, 2012 } & 735,000 \\\hline \text { PBO, January 1,2012 } & 814,000\end{array}$

What amount of asset or liability will be reported on the balance sheet at December 31,2012?

---

Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically encapsulated by the 4Ps: product, price, place, and promotion.

Organizational Buying Behavior

The decision-making process and actions of organizations in acquiring goods and services to achieve their goals.

Technical Assistance

Support provided to individuals or organizations in the form of expertise, skills, or knowledge to resolve technical issues.

Delivery Time

The duration it takes for a product or service to be transported from the seller to the recipient after an order has been placed.