Current Attempt in Progress Larkspur Company provides the following selected information related to its defined benefit pension plan for 2020. Pension asset/liability (January 1) $25,200 Cr. Accumulated benefit obligation (December 31) 399,600 Actual and expected return on plan assets 9,400 Contributions (funding) in 2020 Fair value of plan assets (December 31) Settlement rate Projected benefit obligation (January 1) Service cost 150,400 799,100 10 % 696,700 79,910
Current Attempt in Progress Larkspur Company provides the following selected information related to its defined benefit pension plan for 2020. Pension asset/liability (January 1) $25,200 Cr. Accumulated benefit obligation (December 31) 399,600 Actual and expected return on plan assets 9,400 Contributions (funding) in 2020 Fair value of plan assets (December 31) Settlement rate Projected benefit obligation (January 1) Service cost 150,400 799,100 10 % 696,700 79,910
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 6RE
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