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Business, 24.04.2020 21:27 shymitch32

Presented below is information related to the pension plan of Vector Inc. for the year 2018. $ The projected benefit obligation at the beginning of the year are $8,000. $ At the beginning of the period, the market related asset value and the fair value of pension plan assets were both $7,200. At the end of the year, the fair value of pension plan assets were $9,300. $ The contribution made to the pension fund in 2018 was $850 and the pension plan paid benefits of $210 in 2018 $ The settlement (discount) rate is 7% and the expected return on plan assets is 6%. $ The service cost of pension expense is $1,300 using the projected benefits approach $ The company had an unrecognized net losses at the beginning of the period of $900 and unrecognized prior service costs at the beginning of the year of $400. The average remaining service life (used for amortization of prior service costs and unrecognized net gain or loss) is 10 years. You may use the sample pension worksheet but it is not required. If you do not use the worksheet, be sure to show your work in some other way if you want to earn partial credit. Pension Expense included in total compensation expense for 2018 is Pension-related expenses included in other income (expense) for 2018 are (show all amounts individually with increases in income being positive numbers and decreases in income as negative numbers):

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Presented below is information related to the pension plan of Vector Inc. for the year 2018. $ The p...
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