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6- ABC Inc, sponsor a defined- benefit pension plan. The following data relates to the operation of the plan for year 2013 Service cost a) b) e) Contribution to the plan Actual return on plan asset benefit obligation (beginning balance) value of plan asset (beginning balance) The interest rate of this plan is 10%, the amount of gains and losses from re-measurements: $1,000 0 $ 250,000 220,000 180,000 2,400,000 1,800,000 $2,500 $ 2,000 $1,500 Leave blank

6- ABC Inc, sponsor a defined- benefit pension plan. The following data relates to the operation of the plan for year 2013 Service cost a) b) e) Contribution to the plan Actual return on plan asset benefit obligation (beginning balance) value of plan asset (beginning balance) The interest rate of this plan is 10%, the amount of gains and losses from re-measurements: $1,000 0 $ 250,000 220,000 180,000 2,400,000 1,800,000 $2,500 $ 2,000 $1,500 Leave blank

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6- ABC Inc, sponsor a defined- benefit pension plan. The following data relates to the operation of the plan for year 2013 Service cost a) b) C) e) $ 250,000 220,000 180,000 2,400,000 1,800,000 Contribution to the plan Actual return on plan asset benefit obligation (beginning balance) value of plan asset (beginning balance) The interest rate of this plan is 10%, the amount of gains and losses from re-measurements: $ 1,000 0 $ 2,500 $ 2,000 $1,500 Leave blank
Transcribed Image Text:6- ABC Inc, sponsor a defined- benefit pension plan. The following data relates to the operation of the plan for year 2013 Service cost a) b) C) e) $ 250,000 220,000 180,000 2,400,000 1,800,000 Contribution to the plan Actual return on plan asset benefit obligation (beginning balance) value of plan asset (beginning balance) The interest rate of this plan is 10%, the amount of gains and losses from re-measurements: $ 1,000 0 $ 2,500 $ 2,000 $1,500 Leave blank
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