Question
The following information relates to the pension plan for the employees of Blossom Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 9040000 $ 9460000
The following information relates to the pension plan for the employees of Blossom Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 9040000 $ 9460000 $ 12400000 Projected benefit obligation 9565000 10258000 Fair value of plan assets 8725000 10720000 13807000 11854000 AOCI-net (gain) or loss (1492000) (1660000) Settlement rate (for year) 11% 11% 8% 7% Expected rate of return (for year) Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1303000 in 2021 and benefits paid were $967000. The corridor for 2021 is O $1072000. O $1518770. O $966490. O $750400. 11-20-1 Air
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