smurfit stone container corporation s 2004 annual report shows the following informa 4374257

Smurfit-Stone Container Corporation’s 2004 annual report shows the following information pertaining to its minimum pension liability (this is before SFAS No. 158; 000’s omitted): Accumulated benefits obligation……………….. $3,336 Fair value of plan assets…………………….. 2,466 Underfunded status………………………………… 870 Unrecognized actuarial loss……………….. ………762 Unrecognized prior service cost……………….. 79 Net unrecognized costs……………………… 841 Net minimum liability ………………………………$ 29 Required: How do you think Smurfit-Stone would justify their calculation of the minimum liability and do you agree with them? View Solution:
Smurfit Stone Container Corporation s 2004 annual report shows the following information

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