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Exercise 20-17 Borita Company sponsors a defined benefit pension plan for its 600 employees. Th company's actuary provided * following information about e plan Jauary
Exercise 20-17 Borita Company sponsors a defined benefit pension plan for its 600 employees. Th company's actuary provided * following information about e plan Jauary 1, December 31, 2017 2018 2017 iarted benefit obligation Arnumulated henefit ebligation 1.910.000 2 443 000 2 913 000 Plan assets (fair value and market-related asset value) 1,720,000 2.932.000 3,763,000 rpcses of the corridor calculation) 198J (23,000 Discourt rate fourrent settlement rate) 50 Actual and expected asset return rate 10 % 10 % Contributions 1,040,000 537,800 r emplovee is 10.5 vears, The service cost camponent of net periodic oension expense for emolovee services rendered amounted to $399.000 in 2017 and $475.000 in 2018. The accumulated OC1 (P5C) an January 1, 2017, was $1.428.000. o benefits have remaining service life be reach of the vears 2017 and 2010 Compute the amourt of accumulated OCI (PSC) to be amortized as a comporent of net periodic pension expense Amount of accumulated oCI (PSC) to be amortized for the vear 2017 be amortized for the year 2010 Amount of accumulated Oci (PSC) UNK TO TEXT LINK TO TEXT L Prepare a schedule which refiects the amount of accumulated OCt (C/LT o be amortized as a component of pension expense for 2017 aod 2018 Projected Benefit obligation Plan. Accumulated Minimum Amortization 10% Corridor Assets Year 2017 2018 LINE TO TEKT LINK TO TEST ENK TO TENT Determine the total amount of pension exxpense to be recognized by Bonita Company in 2017 and 2018. Pensien expense for 2017 Pension expense for 2019
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