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Pension data for Manu Services Inc. include the following: Discount rate Expected return...

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Accounting

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Pension data for Manu Services Inc. include the following: Discount rate Expected return on plan assets Actual return on plan assets 8% 9% 10% Service cost, 2020 Accumulated benefit obligation 1/1/20 Projected benefit obligation 1/1/20 Plan assets (fair value) 1/1/20 Prior service cost-AOCI 1/1/20 Net gain-AOCI 20 2020 Cash contributions to pension fund 2020 Benefit payments to retirees 225,650 1,590,100 2,468,070 2,864,890 302,439 261,276 320,380 274,275 On average, employees' remaining service life with the company is 10 years When recording the pension expense for 2020 for Manu, Plan Assets will be debited for $_ Selected Answer: 543,602 Correct Answer: 257,840 5

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