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please help Pina Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1. 2020 $1610 1.910
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Pina Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1. 2020 $1610 1.910 2.400 1.680 Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2020 Contributions (funding in 2020) Benefits paid in 2020 December 31. 2020 $1.910 2,590 3,120 2.430 10 % ? 400 660 180 720 (a) Compute the actual return on the plan assets in 2020. Actual return on the plan assets $ (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2020. Assume the January 1, 2020, balance was zero. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses es (451) Net pension liability gains and losses $ (c) Compute the amount of net gain or loss amortization for 2020 (corridor approach), Net gain or loss amortization $ (d) Compute pension expense for 2020. Pension expense $Step by Step Solution
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