AC 302 WEEK 4 Exercise 20 Question 1

AC 302 WEEK 4 Exercise 20 Question 1
The following information is available for the pension plan of Radcliffe Company for the year 2014.
Actual and expected return on plan assets		$ 15,000	
Benefits paid to retirees		40,000	
Contributions (funding)		90,000	
Interest/discount rate		10	%
Prior service cost amortization		8,000	
Projected benefit obligation, January 1, 2014		500,000	
Service cost		60,000	

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