Question
CullumberEnterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation$2,749,800Accumulated benefit obligation1,994,100Fair value
CullumberEnterprises provides the following information relative to its defined benefit pension plan.
Balances or Values at December 31, 2020
Projected benefit obligation$2,749,800Accumulated benefit obligation1,994,100Fair value of plan assets2,265,800Accumulated OCI (PSC)209,500Accumulated OCINet loss (1/1/20 balance, 0)45,400Pension liability484,000Other pension plan data for 2020:Service cost$93,300Prior service cost amortization42,400Actual return on plan assets131,100Expected return on plan assets176,500Interest on January 1, 2020, projected benefit obligation255,200Contributions to plan92,400Benefits paid140,700
the amount of accumulated other comprehensive income reported at December 31, 2020.
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