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Question 1 (1 point) Creed Corporation, which follows ASPE, provides the following information about its defined benefit pension plan for the year 2020: Current service
Question 1 (1 point) Creed Corporation, which follows ASPE, provides the following information about its defined benefit pension plan for the year 2020: Current service cost Contribution to the plan Past service cost, effective December 31, 2020 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2020 Plan assets at January 1, 2020 Defined benefit obligation at January 1, 2020 Interest/discount rate on the DBO and plan assets $ 144,000 182,600 60,000 160,000 95,000 20.000 1.780,000 1,800,000 9% What is the December 2020 ending balance for the Defined Benefit Obligation 2,011,000 Cr 2,069,000 Cr 2,166,000 Cr
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