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The amount for the prior service cost is related to an increase in...

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Accounting

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The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1,900,000. The pension asset / liability reported on the balance sheet at December 31,2018 is a. Pension liability of $1,550,000 b. Pension liability of $750,000 c. Pension liability of $600,000 d. Pension liability of $500,000

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