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Use the following information for questions 3 and 4. On January 1, 2015. Newlin Co. has the following balances Projected bencht obligation 3465.000 FaitValue of
Use the following information for questions 3 and 4.
On January 1, 2015. Newlin Co. has the following balances Projected bencht obligation 3465.000 FaitValue of Plant Ausets $2.970.000 The settlement rate is 10% Other data related to the pension plan for 2015 are: $297.000 Service cost Amortization of prior service costs 99.000 Contributions 495.000 Benefits paid 222,750 Actual rotum on plan assots 391,050 Amortization of not gain 29.700 3. The balance of the projected benefit obligation at December 31, 2015 53,885.750 $3811,500 $3.361,000 $4.108.500 4. The sit.value of plan assets a1 December 31, 2015 $3.633.300 $3465.000 53.856.050 $3,407,250
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