Question: answer please Defined Benefit Plan Problem - Data for Fox Co. 2020 Worksheet: Expected return on assets: 5% Contributions to plan: $ 80,000 Settlement/Discount rate:

answer please

Defined Benefit Plan Problem - Data for Fox Co. 2020 Worksheet: Expected return on assets: 5% Contributions to plan: $ 80,000 Settlement/Discount rate: 4% Service cost: Actual return on assets: 10% Benefits paid to retirees: 60.000 50.000 Beginning 2020 Year Info (December 31, 2019 balances): Projected Benefit Obligation (PBO) Plan Assets $ 700,000 Accumulated net other comprehensive gain 600,000 100,000 (average service life is 30 years) Prior Service Cost (for 50 employees retiring below) 200,000 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use years of service method, not straight-line, to amortize What is the Plan's (not the Employer's) Asset account at fair value amount at 12/31/20? O $620,000 O $680,000 O $640,000 O $650,000 Next O $780,000 MacBook

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