Business, 28.12.2019 03:31 richaeviney

Fox, inc. has the following information related to its defined benefit pension plan: december 31, 20x6: projected benefit obligation $1,500,000 fair value of plan assets 1,200,000 unrecognized prior service cost 200,000 unrecognized net transition asset 60,000 december 31, 20x7: projected benefit obligation $1,740,000 fair value of plan assets 1,800,000 service cost 220,000 assumptions: discount rate 6% expected return on plan assets 8% fox makes an annual pension plan contribution of $200,000. the company's employees had an average remaining service life of 10 years on 12/31/x6 and the company expects to pay benefits totaling $170,000 to retired employees in 20x8. fox has an effective tax rate of 30%. the funded status of fox's pension plan will be reported on the december 31, 20x7 balance sheet as a:

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Fox, inc. has the following information related to its defined benefit pension plan: december 31, 2...

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