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The actuaries for Interconnect Cable Company provided its accountants with the following information (in thousands...

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Accounting

The actuaries for Interconnect Cable Company provided its accountants with the following information (in thousands of dollars) related to the companys pension plan:

December 31, 2014:

Increase in PBO arising from plans amendment

$684

January 1, 2015:

PBO

$2,700

Fair value of the pension fund

$1,860

Market-related value of the pension fund (five-year weighted average)

$1,600

Obligation discount rate

10%

Average service life for amortization of deferred gain and prior service costs

14 years

Deferred pension gainprior year

$70

Expected rate of return

9%

For year 2015:

Benefit payments to retirees

$173

Contributions to pension plan

290

December 31, 2015:

PBO

$2,917

Fair value of pension plan assets

2,137

Instructions: Based on the data provided, prepare a pension work sheet for Interconnect Cable Company for 2015. The five-year weighted-average value of plan assets is used in computing the expected return.

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