AC 302 1. Question : On January 1, 2015, Newlin Co. has the following balances:
Projected benefit obligation $2,100,000
Fair value of plan assets 1,800,000
The settlement rate is 10%. Other data related to the pension plan for 2015 are:
Service cost $180,000
Amortization of prior service costs due to increase in benefits
0 sold
Other
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Other
University of Phoenix
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AC 302
25 Aug 2015