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The following information relates to the pension plan for the employees of a company: 1/1/20 (beg. of yr) 12/31/20 (end. of yr) Projected benefit obligation
The following information relates to the pension plan for the employees of a company:
1/1/20 (beg. of yr) 12/31/20 (end. of yr)
Projected benefit obligation $5,780,000 $6,230,000
Fair value of plan assets 6,200,000 9,460,000
Accumulated OCI 749,000Cr. 678,000Cr.
Settlement rate (for year) 11%
Expected rate of return (for year) 8%
The interest cost for 2020 is_______________.
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