Question: On January 1 , 2 0 2 6 , Crane Co . had the following balances: Projected benefit obligation , $ 7 , 4 2

On January 1,2026, Crane Co. had the following balances:
Projected benefit obligation ,$7,420,000
Fair value of plan assets ,7,420,000
Other data related to the pension plan for 2026:
(a)
Determine the projected benefit obligation at December 31,2026. There are no net gains or losses.
On January 1,2026, Crane Co. had the following balances: Projected benefit

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