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Pension data for David Emerson Enterprises include the following: ($ in millions) Discount rate, 12% Projected benefit obligation, January 1 $ 400 Projected benefit obligation, December 31 520 Accumulated benefit obligation, January 1 355 Accumulated benefit obligation, December 31 470 Cash contributions to pension fund, December 31 205 Benefit payments to retirees, December 31 65 Required: Assuming no change.

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Pension data for David Emerson Enterprises include the following: ($ in millions) Discount rate, 12% Projected benefit obligation, January 1 $ 400 Projected benefit obligation, December 31 520 Accumulated benefit obligation, January 1 355 Accumulated benefit obligation, December 31 470 Cash contributions to pension fund, December 31 205 Benefit payments to retirees, December 31 65 Required: Assuming no change

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  • 1. Pension data for David Emerson Enterprises include the following: ($ in millions) Discount rate, 12% Projected benefit obligation, January 1 $ 400 Projected benefit obligation, December 31 520 Accumulated benefit obligation, January 1 355 Accumulated benefit obligation, December 31 470 Cash contributions to pension fund, December 31 205 Benefit payments to retirees, December 31 65 Required: Assuming no change