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On January 1, 2017, Coronado Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets The interest (settlement)
On January 1, 2017, Coronado Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to $4,454,000 4,140,000 the pension plan are as follows. 2018 $177,000 92,000 283,000 274,000 260,000 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets $149,000 237,000 196,000 248,400 696 896
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