Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The following information relates to the pension plan for the employees of Sheridan Co. 1/1/17 12/31/17 12/31/18 Accum.
1/1/17
12/31/17
12/31/18
Accum. benefit obligation $9740000 $10160000 $13100000 Projected benefit obligation 10265000 10958000 14507000 Fair value of plan assets 9425000
11420000 12554000 AOCI - net (gain) or loss -0- (1562000) (1730000)Settlement rate (for year) 11% 11% Expected rate of return (for year) 8% 7%
