Foster Corporation received the following report from its actuary at the end of the year:
December 31. 2012 December 31. 2013
Projected benefit obligation $1,800,000 $2,000,000
Accumulated benefit obligation 1,300,000 1,480,000
Fair value of pension plan assets 1,380,000 1,440,000
The amount reported as the pension liability on Foster’s balance sheet at December 31,
a, $ -0-.
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