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At January 1, 2017, Larkspur Company had plan assets of $283,600 and a projected benefit obligation of the same amount. During 2017, service cost was
At January 1, 2017, Larkspur Company had plan assets of $283,600 and a projected benefit obligation of the same amount. During 2017, service cost was $26,900, the settlement rate was 10%, actual and expected return on plan assets were $25,800, contributions were $19,500, and benefits paid were $17,500. Prepare a pension worksheet for Larkspur Company for 2017.
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