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Remaining hour. 09 minutes 03 Moving to another question will save this response, Question 1 Mega Corporation sponsors a defined-benefit plan for its employees. The
Remaining hour. 09 minutes 03 Moving to another question will save this response, Question 1 Mega Corporation sponsors a defined-benefit plan for its employees. The company's defined-benefit pension plan had a projected benefit obligation (PBO) of $380,000 on January 1, Year 2. During Year 2, pension benefits paid were $70,000. The settlement rate for the plan for Year 2 was 12% Service cost for the year was $109,000. The expected return on plan assets was $45,000. Amortization of prior service costs was $5,000. Amortization of net acturial gain was $12,000. PBO at December 31, Year 2 was? Required: Compute the pension cost for the year, given the information above. For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac) B I US Paragraph x x, - 10 S Arial 10pt Ev A I. t r "T "22 B * 09 80 73 # 33 82 02 $ 54 MacBook Air % 85 F R 66 8: &7 T Y " 8 99 " 619 C 3 0
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