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Q1 5 a. Pension data for Goldman Compan...

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Q1 5 a. Pension data for Goldman Company included the following for the current calendar year: Service Cost $100,000 PBO, January 1 750,000 Plan Asssets, January 1 800,000 Amortization of prior service cost 6,000 Amortization of net loss 2,000 Discount rate, 8% Expected return on plan assets, 10% Actual return on plant assets, 12% Determine the pension expense for the year. (5 points) b. Pension data for Matta Corporation include the following for the current calendar year: ($ in millions) Discount rate, 10% PBO, Janaury 1 $360 PBO, December 31 450 ABO, January 1 200 ABO, December 31 275 Cash Contributions to pension fund, December 31 100 Benefit payments to retirees, December 31 54

 

Paper#6391 | Written in 18-Jul-2015

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