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Question 17 On January 1, 2018, Parks Co. have the following balances: Projected benefit obligation $5,600,000 Fair value of plan assets $5,000,000 The settlement rate
Question 17 On January 1, 2018, Parks Co. have the following balances: Projected benefit obligation $5,600,000 Fair value of plan assets $5,000,000 The settlement rate is 10%. Other data related to the pension plan for 2018 are: Service cost $320,000 Amortization of prior service costs $72,000 Contributions $360,000 Benefits paid $335,000 Return on plan assets $352,000 The balance of the projected benefit obligation at December 31, 2018 is
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