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I must be figuring the long term rate wrong. Doe...

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I must be figuring the long term rate wrong. Doe co. received the following reports of its defined benefit pension plan for the current calendar year. PB0: Bal. Jan 1 = $ 430000 Service cost= $199,000 Interest cost= $ 39,000 Benefits paid = ($89,000) Bal. Dec 31 = $ 579,000 Plan Assets Bal., Jan. 1= $252,000 Actual return = $ 37,000 Annual Contribution= $119,000 Benefits paid = $ (89,000) Bal, Dec 31 = $319,000 The long-term rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? $268,000, $201,000, $238,000, $212,800

 

Paper#8392 | Written in 18-Jul-2015

Price : $25
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