Reconciliation of Funding Status
From the following information for each of three independent cases, prepare the pension note disclosure that outlines the items that go into the computation of the net prepaid/ accrued pension cost reported in the balance sheet.
|
|
(in thousands)
|
|
|
Case 1
|
Case 2
|
Case 3
|
|
Projected benefit obligation
|
$12,500
|
$6,290
|
$890
|
|
Accumulated benefit obligation
|
9,700
|
4,100
|
750
|
|
Fair value of the pension fund
|
15,300
|
4,200
|
650
|
|
Market-related value of the pension fund
|
12,800
|
5,000
|
560
|
|
Unrecognized net (gain) or loss from prior years
|
(200)
|
(850)
|
100
|
|
Unrecognized prior service cost
|
800
|
2,300
|
125
|
|
Recorded additional liability
|
0
|
0
|
85
|
|
Prepaid/(accrued) pension cost
|
3,400
|
(640)
|
(15)
|