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The following data are for the pension plan for the employees of Lockett Company The following data are for the pension plan for the employees
The following data are for the pension plan for the employees of Lockett Company
The following data are for the pension plan for the employees of Lockett Company. Accumulated benefit obligation Projected benefit obligation Plan assets (at fair value) AOCL net loss Settlement rate (for year) Expected rate of return (for year) 1/1/2021 -o- 12/31/2021 960,000 100/6 8% _12/3_1/22 9% 70/0 Lockett's contribution was $850,000 in 2022 and benefits paid were $640,000. Lockett estimates that the average remaining service life is 15 years. The actual return on plan assets in 2022 was Answer:
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
2nd Edition
0134643887, 978-0134643885
