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The Yuan Zang company has a defined benefit pension plan. At the end of the current reporting period December 31,20X1 ?and December 31,20X2 ?the following
The Yuan Zang company has a defined benefit pension plan. At the end of the current reporting period December 31,20X1 ?and December 31,20X2 ?the following was available:
Other information and assumptions:
The discount rate and the expected rate of return are 10%
The actual rate of return in 20X1 ?was 8%
The actual rate of return in 20X2 ?was 12%
Require:
I just need to figure out the number missing in the table. Any blanks is missing not Zero. Thank you
Year Actuary's Report Year (Defined Benefit Obligations) 20X1 20X2 Beginning Defined Pension Obligation $ 5,200,000 Amendmend for Past Service Cost 01/01/X1 800,000 Interest Cost Current Service Cost 760,000 900,000 Benefits Paid to Retirees ( Ending Defined Pension Obligation in $ Trustee's Report Year Year (Status of the Pension Fund Assets) 20X1 20X2 Beginning Pension Fund Assets Expected Return on Pension Fund Asset Contribution 220,000 5,300,000 Benefits Paid to Retirees ( Unrealized Actuarial (Loss)/Gain 60,000) 62,000 Ending Pension Fund Asset $ 3,100,000 $ 8.372,000 This Examination Has Been Prepared by the House oStep by Step Solution
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