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Find continuity schedule for the plan assets

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Reference no: EM132602035

The following information regarding Shamrock Ltd.'s defined benefit pension plan was taken from the company's records for 2020:

Defined Benefit Obligation, January 1      $9,814,000

Actual return on plan assets                438,000

Benefits paid to retirees                        850,000

Current year service cost                       1,205,000

Interest cost                                         498,000

Employer contributions for the year             999,000

Pension Plan Assets, January 1                  8,715,000

Question a: continuity schedule for the DBO for 2020

Question b: continuity schedule for the plan assets for 2020

Question c: Is the pension plan overfunded or underfunded for the year ended December 31, 2020? By how much?

Reference no: EM132602035

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