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Culver Corp. sponsors a defined benefit Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI...

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Accounting

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Culver Corp. sponsors a defined benefit Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC pension plan for its employees. On January 1, 2017, the following balances relate to this plan. $498,200 594,100 95,900 97,000 Dr. As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost $89,500 Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, 56,200 18,700 53,100 due to change in actuarial predictions Contributions Benefits paid retirees 76,500 100,500 84,600 Using the data above, compute pension expense for Culver Corp. for the year 2017 by preparing a pension worksheet. (Enter all amounts as positiv CULVER CORP General Jou MacBook Pro

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