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Please help me with Part B. I have tried both 333 and (333) and they were wrong. Your answer is partially correct. Try again. Sandhill
Please help me with Part B. I have tried both 333 and (333) and they were wrong.
Your answer is partially correct. Try again. Sandhill Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2017 December 31, 2017 Vested benefit obligation $1,620 $2,050 Accumulated benefit obligation 2,050 2,490 Projected benefit obligation 2,570 3,300 Plan assets (fair value) 1,660 2,750 10 % Settlement rate and expected rate of return 910 Pension asset/liability Service cost for the year 2017 360 Contributions (funding in 2017) 920 Benefits paid in 2017 220 (a) Compute the actual return on the plan assets in 2017. Actual return on the plan assets 390 (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2017. (Assume the January 1, 2017, balance was zero.) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 333 Net pension liability gains and lossesStep by Step Solution
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