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A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The
A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is At the end of the pension formula was amended, creating a prior service cost of $ The expected rate of return on assets was and the average remaining service life of the active employee group is years in the current year, as well as the previous two years.
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