Question
More info Beginning plan assets at fair value (market-related value), $610,000 Beginning projected benefit obligation (PBO), $500,000 Service cost for the year, $125,000 Settlement
More info Beginning plan assets at fair value (market-related value), $610,000 Beginning projected benefit obligation (PBO), $500,000 Service cost for the year, $125,000 Settlement rate, 6% Expected return on plan assets, 5% Actual return on plan assets, $23,400 loss Contributions for the year, $40,900 Benefit payments for the year, $90,000 Beginning accumulated other comprehensive income, $45,000 (due to unamortized net actuarial gains) Prior service costs awarded during the year (not effective as of the beginning of the year) for vested employees, $19,000 Amortization of prior service costs, $6,500 Decrease in the ending projected benefit obligation due to changes in actuarial assumptions (i.e., actuarial gain), $6,000 Average remaining service life of the employee base, 10 years Print Done - hy j
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