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Brief Exercise 19-6 Sheridan Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020:
Brief Exercise 19-6 Sheridan Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020: Actual return on plan assets Benefits paid to retirees Contributions from employer Cost of plan amendment in year $11 10 22 13 Current service cost Interest cost Opening balance, defined benefit obligation (DBO) Opening balance, plan assets $26 10 98 108 Defined benefit obligation, ending balance = $137 Provide a continuity schedule for the plan assets for the year. (Enter liabilities and underfunded answer amounts using either a negative sign preceding the number e.g.-55 or parentheses e.g. (55).) Sheridan Corp. Continuity Schedule 2020 Is the plan in a surplus or a deficit position at the end of the year? The plan is in a position
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