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The part in red is wrong At January 1,2025 , Crane Company had plan assets of $254,500 and a projected benefit obligation of the same
The part in red is wrong
At January 1,2025 , Crane Company had plan assets of $254,500 and a projected benefit obligation of the same amount. During 2025 , service cost was $26,600, the settlement rate was 10%, actual and expected return on plan assets were $24,500, contributions were $20,800, and benefits paid were $16,800. Prepare a pension worksheet for Crane for 2025. (Enter all amounts as positive.) Balance, 12/31/25Step by Step Solution
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