On January 1, 2021, the Company has the following balances: Projected benefit obligation $2,500,000 Fair value...
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On January 1, 2021, the Company has the following balances: Projected benefit obligation $2,500,000 Fair value of plan assets 2,000,000 The settlement rate is 8%. Other data related to the pension plan for 2021 are: Service cost $300,000 Amortization of prior service costs due to increase in 100,000 benefits Contributions 500,000 Benefits paid 325,000 Actual return on plan assets 395,000 30,000 Amortization of net gain The balance of the projected benefit obligation at December 31, 2021 is $2,900,000. $2,925,000. $2,675,000. $3,150,000. On January 1, 2021, the Company has the following balances: Projected benefit obligation $2,500,000 Fair value of plan assets 2,000,000 The settlement rate is 8%. Other data related to the pension plan for 2021 are: Service cost $300,000 Amortization of prior service costs due to increase in 100,000 benefits Contributions 500,000 Benefits paid 325,000 Actual return on plan assets 395,000 30,000 Amortization of net gain The balance of the projected benefit obligation at December 31, 2021 is $2,900,000. $2,925,000. $2,675,000. $3,150,000.
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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