Use the Following to Answer Questions

question 27

Multiple Choice

Use the following to answer questions
The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC) .

-What was the balance of the net pension asset / liability reported in the balance sheet at the end of the previous year?

• A)Net pension asset of $250.
• B)Net pension asset of $442.
• C)Net pension liability of $250.
• D)Net pension liability of $442.

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