The following information relates to the defined-benefit pension plan for the employees of a company: 1/1/21 12/31/21 Fair value of plan assets $245,550 $371,000 Projected benefit obligation 220,000 417,000 Accumulated benefit obligation 187,000 397,000 Accumulated OCI – Gain/Loss 102,570Dr 148,230Dr The company estimates that the average remaining service life is 25 years. The company’s contribution was $79,000 in 2021 and benefits paid were $11,000. Settlement rate for 2021 is 6% and expected rate of return is 10%. The corridor for 2021 is $_________.
The following information relates to the defined-benefit pension plan for the employees of a company:
1/1/21 12/31/21
Fair value of plan assets $245,550 $371,000
Projected benefit obligation 220,000 417,000
Accumulated benefit obligation 187,000 397,000
Accumulated OCI – Gain/Loss 102,570Dr 148,230Dr
The company estimates that the average remaining service life is 25 years. The company’s contribution was $79,000 in 2021 and benefits paid were $11,000. Settlement rate for 2021 is 6% and expected
The corridor for 2021 is $_________.
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