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Acquired land by paying $75,000 down and signing a note with a maturity amount of $1 million at 8% per annum. In 1998, May Corp. The following data are provided for the year, as of December 31: Accumulated benefit obligation $103,000 Plan assets at fair value 78,000 Net periodic pension cost 90,000 Employer"s contribution 70,000 What amount should Payne record as additional minimum pension liability at December 31?

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Category:- Accounting Basics
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