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Exercise 19-8 Crane Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan (in thousands
Exercise 19-8 Crane Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan (in thousands of dollars) January 1, 2017 December 31, 2017 $1,520 3,092 2,087 10% $1,300 2,320 1,340 10% Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2017 Service cost for the year 2017 Contributions (funding) 2017 Benefits paid in 2017 360 300 680 120 Exercise 19-8 Crane Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan (in thousands of dollars) January 1, 2017 December 31, 2017 $1,520 3,092 2,087 10% $1,300 2,320 1,340 10% Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2017 Service cost for the year 2017 Contributions (funding) 2017 Benefits paid in 2017 360 300 680 120
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