The following defined benefit pension data of Sheridan Corp. apply to the year 2023: Defined benefit...

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The following defined benefit pension data of Sheridan Corp. apply to the year 2023: Defined benefit obligation, funding basis, 1/1/23 (before amendment) Plan assets, 1/1/23 Net defined benefit liability, 1/1/23 On January 1, 2023, Sheridan, through a plan amendment, granted prior service benefits having a present value of Interest/discount rate Annual pension service cost Contributions (funding) Actual return on plan assets Benefits paid to retirees $404,000 393,400 10,600 54,300 9% 42,900 39,000 37,000 34,700 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Prepare a continuity schedule for the DBO for 2023. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN CORP. Continuity Schedule < > > < $ GA LA The following defined benefit pension data of Sheridan Corp. apply to the year 2023: Defined benefit obligation, funding basis, 1/1/23 (before amendment) Plan assets, 1/1/23 Net defined benefit liability, 1/1/23 On January 1, 2023, Sheridan, through a plan amendment, granted prior service benefits having a present value of Interest/discount rate Annual pension service cost Contributions (funding) Actual return on plan assets Benefits paid to retirees $404,000 393,400 10,600 54,300 9% 42,900 39,000 37,000 34,700 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Prepare a continuity schedule for the DBO for 2023. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN CORP. Continuity Schedule < > > < $ GA LA

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Solution Defined Benefit Obligation 1120 Past Service Cost Interest Cost 4583009 Current Service Co... View the full answer