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What is the balance in defined benefit obligation account

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Question - Wallball Company, a Canadian publicly traded company, has a defined benefit non-contributory pension plan. The following is partial information related to the plan:

Defined benefit obligation, December 31, 2020 $2,225,000

Fair value of plan assets, December 31, 2020 $3,046,000

Past service cost from January 2, 2021 plan amendment agreement $830,000

Actual return on plan assets for 2021 4.5%

Current service cost for 2021 $910,000

Contributions made by employer relating to 2021 $850,000

Pension benefits paid to retirees in 2021 $680,000

Discount rate on long term bonds 6%

Changes in actuarial assumptions caused a $52,000 actuarial loss during 2021.

Required - What is the balance in the defined benefit obligation (DBO) account on December 31, 2021?

Reference no: EM133168541

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