Reading 22, note book 2 - page 65, question 8.
The funded status of NICEE Company's pension plan on December 31, 2007,
is $85 million underfunded .Unrecognized actuarial gains total $12
million and unrecognized prior service cost is $27 million. What is the
amount of the net pension liability reported on NICEE's balanced sheet
on December 31, 2007, according to IFRS?
A) $70 million. B) $85 million. C) $100 million.
