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Exercise 1 7 - 1 5 ( Algo ) Pension spreadsheet [ LO 1 7 - 8 ] A partially completed pension spreadsheet showing the

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Exercise 17-15(Algo) Pension spreadsheet [LO17-8]
A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2019, the pension formula was amended, creating a prior service cost of $240,000. The expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years.
Required:
Fill in the missing amounts. (Enter your answers in thousands rounded to 1 decimal place.)Exercise 17-15(Algo) Pension spreadsheet [LO17-8]
A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension
plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2019, the pension formula was amended,
creating a prior service cost of $240,000. The expected rate of return on assets was 8%, and the average remaining service life of the
active employee group is 20 years in the current year as well as the previous two years.
Required:
Fill in the missing amounts. (Enter your answers in thousands rounded to 1 decimal place.)
image text in transcribed

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