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Problem 20-4 Windsor Company sponsors a defined benefit pension plan. The following information related to...

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Accounting

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Problem 20-4 Windsor Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2017 and 2018 2017 $866,760 868,000 2018 Plan assets (fair value), December 31 Projected benefit obligation, January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan $1,052,760 992,000 173,600 Cr assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation 310,000 74,400 29,760 12,400 142,600 620,000 297,600 111,600 37,200 14,880 148,800 682,000 December 31 Interest/settlement rate 9% 9% Compute pension expense for 2017 and 2018 Pension expense for 2017 Pension expense for 2018

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