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Exercise 20B-14 (Part Level Submission) Ayayai Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan Vested benefit
Exercise 20B-14 (Part Level Submission) Ayayai Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan 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 January 1, 2017 $1,490 1,920 2,530 1,710 December 31, 2017 $1,920 2,690 3,330 2,610 10% 820 400 720 200 (a1) Prepare a 2017 pension worksheet. (Enter all amounts as positive.)
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