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The Susan Company has a defined benefit pension plan for its employees. The following information pertains to the pension plan: Projected benefit obligation, December 31,

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The Susan Company has a defined benefit pension plan for its employees. The following information pertains to the pension plan: Projected benefit obligation, December 31, 2020 $1,470,000 Fair value of plan assets, December 31, 2020 1,239,000 Service costs in 2020 51,300 Calculate the net pension asset/liability that is shown on the Susan Company's financial statements at The December 31, 2020

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