Business, 19.04.2021 15:40, angellynn50

Windsor Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $91,700
Contribution to the plan 104,300
Prior service cost amortization 10,800
Actual and expected return on plan assets 65,300
Benefits paid 39,700
Plan assets at January 1, 2020 633,400
Projected benefit obligation at January 1, 2020 711,600
Accumulated OCI (PSC) at January 1, 2020 148,000
Interest/discount (settlement) rate 10%

Required:
Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020.

Answers: 1

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Windsor Company provides the following information about its defined benefit pension plan for the ye...