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14. On January 1, 2021, Carson Co. has the following balances: Projected benefit obligation $3,500,000 Fair value of plan assets 3,000,000 The settlement rate is
14. On January 1, 2021, Carson Co. has the following balances: Projected benefit obligation $3,500,000 Fair value of plan assets 3,000,000 The settlement rate is 10%. Other data related to the pension plan for 2021 are: Service cost Amortization of prior service costs due to increase in benefits Contributions Benefits paid Actual return on plan assets Amortization of net gain $300,000 100,000 500,000 225,000 395,000 30,000 The balance of the projected benefit obligation at December 31, 2021 is a. $4,150,000. b. $3,925,000. C. $3,900,000. d. $3,850,000
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