Determine the Pension Plan Amounts Whith various pension plan information
Hi, I need help to Determine the Pension Plan Amounts Whith various pension plan information example for 2016 and 2017 is as follows:
2013 2014
Service cost $100,000 (j)
Interest cost on projected benefit obligation 54,000 (g)
Discount rate 9% 9%
Amortization of prior service cost 4,000 4,000
Plan assets (fair value), 1/1* 500,000 615,000
Projected benefit obligation, 1/1** (a) 720,000
Expected long-term rate of return on plan assets (b) 11%
Amortization of net loss (d) 700
Accrued pension cost (liability), 12/31 (f) (k)
Average service life of employees 10 years 10 years
Pension expense (e) 110,850
Cumulative net loss, 1/1 68,000 (i)
Expected return on plan assets 50,000 (h)
Corridor (c) 72,000
*1/1/2015: $762,000
**1/1/2015: $857,800
Could you Please Fill in the blanks lettered (a) through (k). Enter amounts as positive numbers.
(a)?
(b)?
(c)?
(d)?
(e)?
(f)?
(g)?
(h)?
(i)?
(j)?
(k)?