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Wildhorse Limited sponsors a defined benefit pension plan, and follows ASPE. The corporations actuary provides the following information about the plan (in thousands of dollars):
Wildhorse Limited sponsors a defined benefit pension plan, and follows ASPE. The corporations actuary provides the following information about the plan (in thousands of dollars): possible journal entries
January 1, 2017 December 31, 2017 $1,530 3,124 2,080 10% $1,500 2,340 1,360 10% Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2017 Service cost for the year 2017 Contributions (funding) 2017 Benefits paid in 2017 380 320 700 150Step by Step Solution
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