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On January 1, 2011, Newlin Co. has the following balances: Protected benefit obligation $1, 600,000 credit balance Pension is $300,000 underfunded at Jan 1, 2011
On January 1, 2011, Newlin Co. has the following balances: Protected benefit obligation $1, 600,000 credit balance Pension is $300,000 underfunded at Jan 1, 2011 OCI - G/L has a debit balance of $250,000 on Jan 1, 2011 Additional Information: Service life of employees is 50 years The settlement rate is 8%. Other data related to the pension plan for 2011 are: The balance of the projected benefit obligation at December 31, 2011 is The fair value of plan assets at December 31, 2011 is Calculate Pension Expense for 2011
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