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Prepare a pension worksheet for Novak Company

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Question - At January 1, 2020, Novak Company had plan assets of $273,200 and a projected benefit obligation of the same amount. During 2020, service cost was $28,600, the settlement rate was 10%, actual and expected return on plan assets were $23,800, contributions were $19,300, and benefits paid were $18,000. Prepare a pension worksheet for Novak Company for 2020.

Reference no: EM133102624

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