Business, 02.04.2020 23:26 SavyBreyer

On January 1, 2018, Newlin Co. has the following balances: Projected benefit obligation Fair value of plan assets The settlement rate is 10%. Other data related to the pension plan for 2018 are: Service cost $3,500,000 3,000,000 Amortization of prior service costs due to increase in benefits Contributions Benefits paid Actual return on plan assets Amortization of net gain $300,000 100,000 500,000 225,000 395,000 30,000 8. The fair value of plan assets at December 31,2018 is

A) $3,440,000.
B) $3,670,000.
C) $3,895,000.
D) $3,500,000

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On January 1, 2018, Newlin Co. has the following balances: Projected benefit obligation Fair value o...

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