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Cummings Inc had the following reconciliation at December 31 2014 The following assumptions are being used for the pension plan in 2015 Additional 2015 Information Required 1 Compute

Cummings Inc. had the following reconciliation at December 31, 2014:

The following assumptions are being used for the pension plan in 2015:

Additional 2015 Information:

Required:

1. Compute pension expense for 2015.

2. Compute the fair value of plan assets at December 31, 2015.

3. Compute the PBO at December 31, 2015.

4. Compute AOCI—net actuarial (gain) loss as of December 31, 2015.

May 24 2020 View more View Less

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