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fill in the blanks please Sheridan Company sponsors a defined benefit plan for its 100 employees: On January 1,2025, the company's actuary provided the following
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Sheridan Company sponsors a defined benefit plan for its 100 employees: On January 1,2025, the company's actuary provided the following information The average remaining service period for the participating employees is 10 years. All employees are expected to recelive benefits: under the plan, On December 31,2025. the actuary calculated that the present value of future benefits earned for employee services $270,800; the accumulated beneft obligation amounted to $366,900. The expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The actual return on plan assets is $11,500. The company's current year'scontribution to the pension plan amounted to $62,400. No benefits were paid during the year. Determine the components of pension expense that the company would recognize in 2025. With only one year involved, you heed not preparea worksheet) Step by Step Solution
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