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PROBLEM #1 On January 1, 2013, Stine Co. had the following balances: Projected benefit obligation Fair value of plan assets $7,200,000 7,100,000 Other data related

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PROBLEM #1 On January 1, 2013, Stine Co. had the following balances: Projected benefit obligation Fair value of plan assets $7,200,000 7,100,000 Other data related to the pension plan for 2013: Service cost Contributions to the plan Benefits paid Interest rate 315,000 459,000 450,000 6% Prepare a pension worksheet and journal entries for 2013 OR prepare journal entries and compute ending balances for PBO & PA

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