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On January 1, 2019, Parseghian Co. has the following balances: Projected benefit obligation $2,100,000 Fair value of plan assets 1,800,000 The settlement rate is 10%. Other data related to the pension plan for 2019 are: Service cost $180,000 Amortization of prior service costs due to increase in benefits 60,000 Contributions 300,000 Benefits paid 145,000 Actual return on plan assets 237,000 Amortization of net gain 18,000 The fair value of plan assets at December 31, 2019 is
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On January 1, 2019, Parseghian Co. has the following balances: Projected benefit obligation $2,100,0...
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