A Company Has a Defined Benefit Pension Liability of $4,700,000

question 43

Multiple Choice

A company has a defined benefit pension liability of $4,700,000 at the beginning of the year. The company contributes $7,000,000 to the pension during the year and records a pension expense of $10,200,000. The closing balance of the defined benefit pension plan at year-end is therefore a:

• A)$7,900,000 liability
• B)$7,900,000 asset
• C)$11,700,000 liability
• D)$1,500,000 asset

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The surrounding conditions and influences affecting the growth and development of living organisms, including natural, social, and built factors.

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