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Pension data for Goldman Company included the following for the current calendar year: Service cost $126,000 PBO, January 1 720,000 Plan assets, January 1 770,000
| Pension data for Goldman Company included the following for the current calendar year: |
| Service cost | $126,000 |
| PBO, January 1 | 720,000 |
| Plan assets, January 1 | 770,000 |
| Amortization of prior service cost | 5,700 |
| Amortization of net loss | 1,700 |
| Discount rate, 10% | |
| Expected return on plan assets, 12% | |
| Actual return on plan assets, 14% | |
|
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
