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CFAI Reading 20 problem #9

dumb question…
In the solutions for Reading 20 Problem #9.
I have no clue how to get the $3,000 and the $3,020…
what page of the book is it on?
thanks,

Those two numbers are the funded status of the pension.
The funded status of the pension= Present value of the defined benefit obligation - Value of the Assets
= 47120-38700=3020
=4200-3900=3000
* Since the obligation about is higher than the assets, it is recorded as a liability on the B/S

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thanks so much not sure why I couldn’t figure that out … smh at myself

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Long day of studying probably

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Analyst_24 wrote:
Long day of studying probably
More like jerking off. So much porn… I can’t fathom the OP’s dilemma. Choosing between CFA interest rate swaps and porn is obvious.

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