Question
Blossom Company provides the following information about its defined benefit pension plan for the year 2025. Service cost $88,500 Contribution to the plan 107,100 Prior
Blossom Company provides the following information about its defined benefit pension plan for the year 2025.
Service cost
$88,500
Contribution to the plan
107,100
Prior service cost amortization
10,600
Actual and expected return on plan assets
63,100
Benefits paid
40,800
Plan assets at January 1, 2025
648,000
Projected benefit obligation at January 1, 2025
688,100
Accumulated OCI (PSC) at January 1, 2025
148,600
Interest/discount (settlement) rate
11%
Prepare a pension worksheet inserting January 1, 2025, balances, showing December 31, 2025. (Enter all amounts as positive.)
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
