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he following information regarding Swifty Ltd.s defined benefit pension plan was taken from the companys records for 2020: Defined Benefit Obligation, January 1 $9,858,000 Actual
he following information regarding Swifty Ltd.s defined benefit pension plan was taken from the companys records for 2020:
Defined Benefit Obligation, January 1 | $9,858,000 | |
Actual return on plan assets | 433,000 | |
Benefits paid to retirees | 846,000 | |
Current year service cost | 1,191,000 | |
Interest cost | 492,000 | |
Employer contributions for the year | 999,000 | |
Pension Plan Assets, January 1 | 8,749,000 |
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