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At January 1, 2017, Sheffield Company had plan assets of $303,400 and a projected benefit obligation of the same amount. During 2017, service cost was
At January 1, 2017, Sheffield Company had plan assets of $303,400 and a projected benefit obligation of the same amount. During 2017, service cost was $26,700, the settlement rate was 10%, actual and expected return on plan assets were $24,500, contributions were $19,700, and benefits paid were $16,900. Prepare a pension worksheet for Sheffield Company for 2017
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