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Exercise 20-3 Veldre Company provides the following information about its defined benefit pension plan for the year 2014. Service cost $94,400 Contribution to the plan
Exercise 20-3 Veldre Company provides the following information about its defined benefit pension plan for the year 2014. Service cost $94,400 Contribution to the plan 111,600 Prior service cost amortization 12,200 67,700 Actual and expected return on plan assets Benefits paid 46,600 Plan assets at January 1, 2014 647,300 Projected benefit obligation at January 1, 2014 700,500 Accumulated OCI (PSC) at January 1, 2014 152,000 Interest/discount (settlement) rate 9 Prepare a pension worksheet inserting January 1, 2014, balances, showing December 31, 2014
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