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thats the full question. Question 19 On January 1, 2018, Parks Co. have the following balances: Projected benefit obligation $5,600,000 Fair value of plan assets
thats the full question.
Question 19 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 Funded Status of this pension at December 31, 2018 is (Indicate underfunded or overfunded and amount) #19. The funded status at December 31, 2018 is (Overfunded or underfunded and amount) Step by Step Solution
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