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Creed Corporation, which follows ASPE, provides the following information about is defined benetin pension plan for the year 2020: Current service cost $ 144,000 Contribution
Creed Corporation, which follows ASPE, provides the following information about is defined benetin pension plan for the year 2020: Current service cost $ 144,000 Contribution to the plan 182,600 Past service cost, effective December 31, 2020 60.000 Actual return on plan assets 160,000 Benefits paid 95,000 Net defined benefit liability at January 1, 2020 20,000 Plan assets at January 1, 2020 1,780,000 Defined benefit obligation at January 1, 2020 1,800,000 Interest/discount rate on the DBO and plan 9% assets What is the December 2020 ending balance for the Defined Benefit Obligation 2,069,000 Cr 2,011,000 Cr 2,166,000 Cr
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