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Please fill in every blank! Sheridan Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the
Please fill in every blank!
Sheridan Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan (in thousands of dollars): January 1, 2020 December 31, 2020 Vested benefit obligation $1,300 $1,470 Defined benefit obligation, accounting basis 2,400 3,200 Plan assets (fair value) 1,360 2,088 Interest/discount rate 10% 10% ? ? Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2020 Service cost for the year 2020 370 310 Contributions (funding) 2020 680 Benefits paid in 2020 120 Pension Work Sheet - 2020 (ASPE) General Journal Entries Annual Pension Expense Items Cash $ taStep by Step Solution
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