Question: Question 3 of 3 0.33 / 1 Question 3 of 3 View Policies Attempt History Current Attempt in progress Indigo Company received the following selected


Question 3 of 3
0.33 / 1 Question 3 of 3 View Policies Attempt History Current Attempt in progress Indigo Company received the following selected information from its pension plan trustee concerning the operation Of the company's defined benefit pension plan for the year ended December 31.2020. January 1.2020 December 31.202b Projected benefit obligation Market-related and fair value Of plan assets Accumulated benefit obligation Accumulated OCI (G,'U-Net gain Sl.499.ooo 802000 1.622000 $1S27.ooo 1,127.200 (199.900 ) The service cost component of pension expense for employee services rendered in the current year amounted to $78,000 and the amortization Of prior service cost was S 120.500. The company's actual funding (contributions) Of the plan in 2020 amounted to $245,000. The expected return On plan assets and the actual rate were both 10%: the interest/discount (settlement) rate was 10%. Accumulated Other comprehensive income IPSC) had a balance Of S 1.205000 on January 2020 Assume no benefits paid in 2020.
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