Gorilla, Corp implemented a defined-benefit pension plan for its employees on January 2, 2012 . The following data are provided for year 2012, as of December 31 Accumulated benefit obligation $103,000 Plan assets at fair value 78,000 Net period pension expense 90,000 Employer's contribution 70,000 What amount should Gorilla record as additional minimum pension liability at December 31, 2012?
a. $0
b. $5,000
c. $20,000
d. $45,000
B
Current pension liability is $90,000 - $70,000 = $20,000
Need an additional $5,000
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