Question: please answer it right please On January 1, 2015, Parks Co. has the following balances: Projected benefit obligation $3,750,000 Fair value of plan assets 4,200,000
please answer it right please
On January 1, 2015, Parks Co. has the following balances:
Projected benefit obligation $3,750,000
Fair value of plan assets 4,200,000
The settlement rate is 10%. Other data related to the pension plan for 2015 are:
Service cost $240,000
Amortization of prior service costs 54,000
Contributions 270,000
Benefits paid 250,000
Actual return on plan assets 264,000
Amortization of net gain 18,000
- The balance of the projected benefit obligation at December 31, 2015 is
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