Crane Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2025 Contributions (funding in 2025) $410 650 January 1, 2025 $1,400 2,080 2,420 1,610 810 December 31, 2025 $2,080 2,970 3,550 2,520 10% ?
Crane Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2025 Contributions (funding in 2025) $410 650 January 1, 2025 $1,400 2,080 2,420 1,610 810 December 31, 2025 $2,080 2,970 3,550 2,520 10% ?
Chapter1: Financial Statements And Business Decisions
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