Question: please fill out the pension worksheet with the information given thank you PENSIONS Lennox Co. adopted a retirement plan for all employees, under FASB rule.

 please fill out the pension worksheet with the information given thank

please fill out the pension worksheet with the information given thank you

PENSIONS Lennox Co. adopted a retirement plan for all employees, under FASB rule. Lennox Co. contributed $500,000 dollars. Contracted Equitable Actuarial Services, The actuary provided the followinf information the PBO, will be $600,000 which produces a liability of $100,000. This requires a settlement rate of 10% and expect a 9% return on plan assets. At the end of the first year Equitable provided the following information: Service Costs $60,000. Return on PA $50,000 Contributions $90,000 Benefits Paid $40,000

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