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On January 1, 2021, Pharoah Co. has the following balances: Projected benefit obligation $ 4100000 Fair value of plan assets 2550000 The settlement rate is
On January 1, 2021, Pharoah Co. has the following balances: Projected benefit obligation $ 4100000 Fair value of plan assets 2550000 The settlement rate is 9%. Other data related to the pension plan for 2021 are: Service cost Amortization of prior service costs $ 300000 124000 Contributions 435000 Benefits paid 170000 Actual return on plan assets 420000 Amortization of net gain 17000 The fair value of plan assets at December 31, 2021 is O $4100000. O $3042000. O $3235000. O $4520000
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