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PROBLEM # 1 McCaw Company provides the following...

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PROBLEM # 1 McCaw Company provides the following information about its defined-benefit pension plan for the year 2011. Service cost $210,000 Contribution to the plan 263,000 Prior service cost amortization 35,000 Actual and expected return on plan assets 123,000 Benefits paid 220,000 Plan assets at January 1, 2011 1,440,000 Projected benefit obligation at January 1, 2011 1,800,000 Accumulated OCI (PSC) at January 1, 2011 325,000 Interest/discount (settlement) rate 9% Instruction: Compute the pension expense for the year 2011.

 

Paper#5032 | Written in 18-Jul-2015

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