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The following information relates to the pension plan for the employees of Quinlan Co.: The 2016 Service Cost was Accumulated benefit obligation Projected benefit obligation
The following information relates to the pension plan for the employees of Quinlan Co.: The 2016 Service Cost was
Accumulated benefit obligation Projected benefit obligation Fair value of plan assets Market-related value of assets (MRAV) Accumulated OCI -Net loss Settlement rate (for year) Expected rate of return (for year) 12/31/14 $4,400,000 4,650,000 4,250,000 4,100,000 (500,000) 11% 6% 12/31/15 $4,600,000 4,980,000 5,200,000 5,160,000 (720,000) 12/31/16 $6,000,000 6,670,000 5,740,000 5,650,000 (800,000) 11% 7% 11% 8% Quinlan contribution (for year) Benefits Paid (for year) 2014 $400,000 $450,000 2015 $500,000 $100,000 2016 $315,000 $235,000Step by Step Solution
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