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# On January 1, Y4, Tank Co. had the following balances: Projected benefit obligation (not including any information below) Fair value of plan assets Accumulated bene...

## Question

###### On January 1, Y4, Tank Co. had the following balances: Projected benefit obligation (not including any information below) Fair value of plan assets Accumulated benefit obligation56,100,000 960,000 260,500Other data related to the pension plan for YA: Service cost_ Contributions pljn Benefits paid retirees Actua relucn plan assets Settlement rate Expected rate of return_ Average remaining service life of active employees Accumulated benefit obligation . 12/31/Y4 The pension plan was amended; decr

On January 1, Y4, Tank Co. had the following balances: Projected benefit obligation (not including any information below) Fair value of plan assets Accumulated benefit obligation 56,100,000 960,000 260,500 Other data related to the pension plan for YA: Service cost_ Contributions pljn Benefits paid retirees Actua relucn plan assets Settlement rate Expected rate of return_ Average remaining service life of active employees Accumulated benefit obligation . 12/31/Y4 The pension plan was amended; decreasing benefits retirees (and PBO at January Yai by thls amount. 960,700 417,000 456,200 89,000 12% 16"6 vears 868,400 58,000 Instructions (for credit; please clearly show computations}: Calculate pension expense for Y4_ Prepare the pension related journal entries for Y4. Determine the value of the plan assets at December 31,Y4 Deteriine tle Baln or loss that will be amortized in YS, any: some amnortized in YS, please indicate pension Luensl willbe Increased 0r decreased  #### Similar Solved Questions

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