On January 1, 2026, Cullumber Co. has the following balances: Projected benefit obligation Fair value of plan assets Service cost The settlement rate is 9%. Other data related to the pension plan for 2026 are: Contributions $4100000 Amortization of prior service costs due to increase in benefits Benefits paid Actual return on plan assets Amortization of net gain 3600000 O $4469000. O $4548000. O $4544000. O $4781000. $312000 112000 512000 237000 The balance of the projected benefit obligation at December 31, 2026 is 407000 31200

On January 1, 2026, Cullumber Co. has the following balances: Projected benefit obligation Fair value of plan assets Service cost The settlement rate is 9%. Other data related to the pension plan for 2026 are: Contributions $4100000 Amortization of prior service costs due to increase in benefits Benefits paid Actual return on plan assets Amortization of net gain 3600000 O $4469000. O $4548000. O $4544000. O $4781000. $312000 112000 512000 237000 The balance of the projected benefit obligation at December 31, 2026 is 407000 31200

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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