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How do I do this question????? Exercise 19-9 The following defined benefit pension data of Carla Vista Corp. apply to the year 2017: Defined benefit
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Exercise 19-9 The following defined benefit pension data of Carla Vista Corp. apply to the year 2017: Defined benefit obligation, funding basis, 1/1/17 (before amendment) $431,000 420,800 Plan assets, 1/1/17 10,200 Net defined benefit liability, 1/1/17 on January 1, 2017, Carla Vista Corp., through plan amendment, granted 68,200 prior service benefits having a present value of Interest/discount rate 99% 44,700 Annual pension service cost Contributions (funding) 42,600 Actual return on plan assets 40,500 Benefits paid to retirees 49,600 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Exercise 19-9 The following defined benefit pension data of Carla Vista Corp. apply to the year 2017: Defined benefit obligation, funding basis, 1/1/17 (before amendment) $431,000 420,800 Plan assets, 1/1/17 10,200 Net defined benefit liability, 1/1/17 on January 1, 2017, Carla Vista Corp., through plan amendment, granted 68,200 prior service benefits having a present value of Interest/discount rate 99% 44,700 Annual pension service cost Contributions (funding) 42,600 Actual return on plan assets 40,500 Benefits paid to retirees 49,600 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basisStep by Step Solution
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