Company N has the following pension information on December 31, 19A:PBO $90,000ABO 80,000Pension…

 
   

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Company N has the following pension information on December 31, 19A:

PBO                                                                                       $90,000

ABO                                                                                       80,000

Pension fund                                                                     30,000

Accrued pension liability                                               10,000

Unrecognized prior service cost                                                18,000

(1) What is the minimum pension liability?

(2) What additional liability, if any, must be recorded?

(3) How much should be debited to deferred pension cost?

(4) Show the necessary entry.