Swifty Co. has the following defined benefit pension plan balances on January 1, 2020. The...
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Swifty Co. has the following defined benefit pension plan balances on January 1, 2020. The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $595,000 are created. Other data related to the pension plan are: Prepare a pension worksheet for the pension plan in 2020. (Enter all amounts as positive.) Prepare a pension worksheet for the pension plan in 2020 . (Enter all amounts as positive.) Memo Record
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