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Pharoah Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January...

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Accounting

Pharoah Toothpaste Company initiates a defined benefit pension plan for its 50 employees on January 1,2025. The insurance company which administers the pension plan provided the following selected information for the years 2025,2026, and 2027.
\table[[,2025,2026,2027],[Plan assets (fair value),$50,000,$84,700,$179,270
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