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THERE ARE TWO OTHER QUESTIONS BESIDES THIS ONE. SO THREE IN TOTAL. The other two questions: 2. The fair value of plan assets at December
THERE ARE TWO OTHER QUESTIONS BESIDES THIS ONE. SO THREE IN TOTAL.
The other two questions:
2.
The fair value of plan assets at December 31, 2015 is
Group of answer choices
$3,633,300
$3,407,250
$3,856,050
$3,465,000
Use the following information for questions 3 and 4. On January 1, 2015, Newlin Co. has the following balances: Projected benefit obligation 3,465,000 Fair Value of Plant Assets $2,970,000 The settlement rate is 10%. Other data related to the pension plan for 2015 are: Service cost $297,000 Amortization of prior service costs 99,000 Contributions 495,000 Benefits paid 222,750 Actual return on plan assets 391,050 Amortization of net gain 29,700 3. The balance of the projected benefit obligation at December 31, 2015 is O $3,861,000 $4,108,500 O $3,811,500 O $3,885,750Step by Step Solution
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