Kingbird Company provides the following information about its defined benefit pension plan for the year 2017. Service
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Service cost | $90,600 | ||
Contribution to the plan | 103,900 | ||
Prior service cost amortization | 10,100 | ||
Actual and expected return on plan assets | 63,100 | ||
Benefits paid | 39,600 | ||
Plan assets at January 1, 2017 | 644,100 | ||
Projected benefit obligation at January 1, 2017 | 710,600 | ||
Accumulated OCI (PSC) at January 1, 2017 | 149,400 | ||
Interest/discount (settlement) rate | 9 | % |
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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