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

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.