Reference no: EM132564609
Question - Blue Company provides the following information about its defined benefit pension plan for the year 2020.
Service cost $88,500
Contribution to the plan 104,900
Prior service cost amortization 10,300
Actual and expected return on plan assets 64,000
Benefits paid 39,300
Plan assets at January 1, 2020 627,200
Projected benefit obligation at January 1, 2020 686,300
Accumulated OCI (PSC) at January 1, 2020 152,900
Interest/discount (settlement) rate 9%
Required -
Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020.
Show a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020.
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