Business, 21.04.2020 20:33, maro1488

At the end of the current year, Kennedy Co. has a defined benefit obligation of $335,000 and pension plan assets with a fair value of $245,000. The amount of the vested benefits for the plan is $225,000. Kennedy has an actuarial gain of $8,300. What account and amount(s) related to its pension plan will be reported on the company’s statement of financial position?

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At the end of the current year, Kennedy Co. has a defined benefit obligation of $335,000 and pension...