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Exercise 20-3 (Part Level Submission) Buffalo Company provides the following information about its defined benefit...

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Accounting

Exercise 20-3 (Part Level Submission)

Buffalo Company provides the following information about its defined benefit pension plan for the year 2017.

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Exercise 20-3 (Part Level Submission) Buffalo Company provides the following information about its defined benefit pension plan for the year 2017 Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate $88,700 103,000 9,800 63,000 40,100 633,700 699,000 150,500 10%

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