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Exercise 20-14 (Part Level Submission) Metlock Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1,
Exercise 20-14 (Part Level Submission) Metlock Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2017 $1,470 1,880 2,480 1,680 Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2017 Contributions (funding in 2017) Benefits paid in 2017 December 31, 2017 $1,880 2,740 3,270 2,570 10% 800 ? 400 700 200 (a3) Indicate the pension amounts reported in the balance sheet. Metlock Company's Balance Sheet (Partial) December 31, 2017 ~ V $ Click if you would like to Show Work for this question: Open Show Work
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