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On January 1, 2018, Parks Co. has the following balances: Projected benefit obligation Fair value of plas assets 55,600,000 5.000.000 The settlement rate is 10%.
On January 1, 2018, Parks Co. has the following balances: Projected benefit obligation Fair value of plas assets 55,600,000 5.000.000 The settlement rate is 10%. Other data related to the pension plan for 2018 are: Service cost Amortization of prior service costs Contributions Benefits paid Actual retum en plan anses Amortization of net gain $320,000 72.000 360,000 335.000 352.000 24,000 What is the balance of the projected benefit obligation at December 31, 2018? (Example of incorrect answer: 35,000 / $35000 / $35,000 Example of correct answer: 35000 As shown above, no comma or dollar sign is required. If entered, it will be considered as wrong answer.)
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