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QUESTION 27 3 points Zarka began 2019 with the following balances in its pension related accounts. Fair Value of Plan Assets Projected Benefit Obligation Accumulated

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QUESTION 27 3 points Zarka began 2019 with the following balances in its pension related accounts. Fair Value of Plan Assets Projected Benefit Obligation Accumulated OCH- Prior service cost Accumulated OCI Net gain Pension liability Accumulated Pension OCI $ 100,000 $ 120.000 $ 40.000 $ 22,000 $ 20,000 $ 18,000 The company assumes a 10% rate of return on plan assets and a 9 discount rate for its pension obligations. In 2019 the pension service cost was $14,000. The company contributed $16,000 in cash to the pension plan. The plan paid $12,000 of benefits to pensioneers. The average future service life for amortization purposes is 10 years. The actual return on plan assets in 2019 was $9,000. There were no other actuarial gains or losses that took place in 2019, Pension expense for 2019 is $15,800 $18,000 $14,800 $17,800 $19,800

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