Carla Vista Corporation sponsors a defined benefit pension plan for its 100 employees. On January...
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Accounting
Carla Vista Corporation sponsors a defined benefit pension plan for its 100 employees. On January 1, 2023, the company's actuary provided the following information:
Pension plan assets (fair value) ,$1,080,000
Defined benefit obligation ,1,450,000
Prepare a schedule that indicates what the plan's surplus or deficit is at December 31, 2023.
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