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Ivanhoe Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan in thousands of dollars):
Ivanhoe Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan in thousands of dollars): Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2020 Service cost for the year 2020 Contributions (funding) 2020 Benefits paid in 2020 January 1, 2020 $1,500 2,320 1,340 10% ? December 31, 2020 $1,480 3,052 2,093 10% ? 340 280 680 120 (Enter answers in thousands of dollars.) Calculate the actual return on the plan assets in 2020. Actual return on the plan assets in 2020 $ Calculate the amount of the net defined benefit liability/asset as at January 1, 2020. Net defined benefit , January 1, 2020 $ e Textbook and Media Prepare a continuity schedule of the defined benefit obligation for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $ > > >
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