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Dr. Amit
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On January 1, 2008, Pratt Corp. adopted a defined-benefit pension

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On January 1, 2008, Pratt Corp. adopted a defined-benefit pension plan. The plan's service cost of $300,000 was fully funded at the end of 2008. Prior service cost was funded by a contribution of $120,000 in 2008. Amortization of prior service cost was $48,000 for 2008. What is the amount of Pratt’s prepaid pension cost at December 31, 2008?

A. $120,000

B. $168,000

C. $72,000

D. $180,000
Submitted: 5 years ago.
Category: Homework
Expert:  Dr. Amit replied 5 years ago.

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