Problem 121 (Part Level Submission) The accountant for Marlin Corporation has developed the following information...
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Accounting
Problem 121 (Part Level Submission) The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2018: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cosit Benefits paid to retirees Settlement rate Expected rate of return on plan assets $450,000 230,000 900,000 123,000 50,000 10% 8% The accumulated benefit obligation at December 31, 2018, amounted to $3,150,000
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