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The following information relate to the defined benefit pension plan of Lorentz Corp. as of 1 1 ? ? 1 Projected benefit obligation Fair value
The following information relate to the defined benefit pension plan of Lorentz Corp. as of
Projected benefit obligation
Fair value of plan assets
Unrecognized prior service cost
Unrecognized net pension gain or loss
Pension data for and :
Service cost
Contributions to pension plan
Benefits paid to retirees
Actual return on pension plan assets
Amortization of prior service costs
Settlement interest rate
Expected rate of return on plan assets
Accumulated benefit obligation
Vested benefit obligation
Average remaining service lives of employees
Calculate the PBO at and
Calculate the fund balance at and
The corridor for amortization of gain or loss is for $
for
Calculate the experience gain or logs if any for and
Calculate the amortization of gain or logs if any for and
Calculate pension expense sometimes referred to net pension cost for and
Make journal entries to record pension expense for and
Calculate the funded status for and
Will the company report a pension asset or a liability in their balance sheet at the end of
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