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The trustee for the Bronson Corporation defined benefit pension plan sent a report to the CEO with the following information for the fiscal year: Beginning
The trustee for the Bronson Corporation defined benefit pension plan sent a report to the CEO with the following information for the fiscal year:
Beginning balance of plan assets at fair value $1,560,000
Actual return on plan assets $210,000
Employers contribution $150,000
Distributions to retirees $75,000
Service cost $125,000
Interest cost $156,000
Loss from changes in benefits or assumptions $35,000
Beginning balance of the PBO $1,580,000
At the end of the year, the pension plan is:
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