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lestion 10 Pension data for Manu Services Inc. include the following: Discount rate Expected return on plan assets Actual return on plan assets 7% 8%
lestion 10 Pension data for Manu Services Inc. include the following: Discount rate Expected return on plan assets Actual return on plan assets 7% 8% 9% Service cost, 2020 Accumulated benefit obligation 1/1/20 Projected benefit obligation 1/1/20 Plan assets (fair value) 1/1/20 Prior service cost-AOCI 1/1/20 202350 1584670 2392580 2732340 251893 Net loss-AOCI 1/1/20 313897 2020 Cash contributions to pension fund 2020 Benefit payments to retirees 266147 297061 On average, employees' remaining service life with the company is 10 years When recording the pension expense for 2020 for Manu, Pension Expense will be debited for $ (Do not use the corridor rule)
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