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Question 20 1 pts Pension Data and account balances for 2020 are as follows: . PBO (1/1/2020): $ 650,000 PPA (1/1/2020): $ 500,000 Discount (settlement)
Question 20 1 pts Pension Data and account balances for 2020 are as follows: . PBO (1/1/2020): $ 650,000 PPA (1/1/2020): $ 500,000 Discount (settlement) rate= 10% Actual Return on Plan assets = $ 80.000 Expected return rate=15% Service Cost= $5,000 Amortization of prior service cost = $ 7,000 Funding (Contributions) for the year= $ 40,000 Benefits paid during the year = $ 20,000 e Compute pension expense for 2020 $61,000 O $ 2.000 O $64,500 O $62,000
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