Marin Company provides the following information about its defined benefit pension plan for the year 2020....

 

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Marin Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate (a) $91,700 104,300 10,800 65,300 39,700 633,400 711,600 148,000 10 % Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020 Marin Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate (a) $91,700 104,300 10,800 65,300 39,700 633,400 711,600 148,000 10 % Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020

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Marin Company Pension Worksheet December 31 2020 Item Description January 1 2020 December 31 2020 Pr... View the full answer