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Hi, please help! Please provide the detailed answer of how you get these answers! Please exactly follow the chart below to answer the question. Thank you! The selection for those questions is Dr/Cr..
Exercise 20-3 (Part Level Submission) Novak Company provides the following information about its defined benefit pension plan for the year 2017. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate $90,900 103,000 9,300 63,200 39,800 648,600 706,600 148,800 1090
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