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I got the interest cost of $657,360 and the corridor for 2011

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I need to know how this works please. I got the interest cost of $657,360 and the corridor for 2011 but the other questions I don't get. I would like to show my students how the answers of $456000 actual return and $19,200 gain and $15,000 gain (all for 2011).. can someone help?;The following information relates to the pension plan for the employees of Turner Co.;1/1/10 12/31/10 12/31/11;Accum. benefit obligation $5,280,000 $5,520,000 $7,200,000;Projected benefit obligation 5,580,000 5,976,000 8,004,000;Fair value of plan assets 5,100,000 6,240,000 6,888,000;AOCI? net (gain) or loss -0- (864,000) (960,000);Settlement rate (for year) 11% 11%;Expected rate of return (for year) 8% 7%;Turner estimates that the average remaining service life is 16 years. Turner's contribution was $756,000 in 2011 and benefits paid were $564,000.;Attachment Preview;Turner question.ef Download Attachment;BRGEXM6v00010000##################$######6##;###7##@##MA##YA##/B###########################################################... Show more

 

Paper#26577 | Written in 18-Jul-2015

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