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Carla Vista Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances related to this plan. Plan assets
Carla Vista Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances related to this plan. Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) Service cost As a result of the operation of the plan during 2025, the actuary provided the following additional data for 2025. (a1) $565,000 656,000 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets Amortization of prior service cost Contributions Expected return 91,000 Cr. Benefits paid retirees Average remaining service life of active employees Corridor amortization 86,000 $ 92,000 $ $98,000 50,000 26,000 Use the market-related asset value to compute the expected return and for corridor amortization. 126,000 92,000 10 years
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