What is the actual return on plan assets? The following data are for the pension plan for
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What is the actual return on plan assets?
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The following data are for the pension plan for the employees of Crane Company Accumulated benefit obligation Projected benefit obligation Plan assets (at fair value) AOCL-net loss Settlement rate (for year) Expected rate of return (for year) 1/1/20 $ 5140000 5510000 4690000 0 12/31/20 $ 5250000 5840000 5900000 953000 9% 8% 12/31/21 $ 7040000 7620000 6710000 960000 8% 7% Crane's contribution was $840000 in 2021 and benefits paid were $754000, Crane estimates that the average remaining service life is 15 years The following data are for the pension plan for the employees of Crane Company Accumulated benefit obligation Projected benefit obligation Plan assets (at fair value) AOCL-net loss Settlement rate (for year) Expected rate of return (for year) 1/1/20 $ 5140000 5510000 4690000 0 12/31/20 $ 5250000 5840000 5900000 953000 9% 8% 12/31/21 $ 7040000 7620000 6710000 960000 8% 7% Crane's contribution was $840000 in 2021 and benefits paid were $754000, Crane estimates that the average remaining service life is 15 years
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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