The following information relates to Aracely Inc at December 31 . 2014: Fair value of plan assets ............................. $1,520,000 Market related asset value ............................ 1,440,000 Accumulated benefit obligation ........................ 1,960,000 Projected benefit obligation .......................... 2,040,000 Unrecognized prior service cost ....................... 24,000
The total pension liability at December 31 . 2014, for Aracely Inc is
a. $0.
b. $440,000.
c. $480,000.
d. $520,000.
D
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