Table 14-5 - 150,000 Expected return on plan assets 230,000...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Table 14-5 Beginning balance of plan assets at market value  $1,560,000  Actual return on plan assets  210,000  Employer's contribution  150,000  Distributions to beneficiaries  75,000  Service Cost  125,000  Interest Cost  156,000  Changes in benefits or assumptions  35,000  Beginning balance of the PBO  1,580,000  The trustee for the Bronson Corporation pension sent a report to the  CEO with the following information for the fiscal year:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Actual return on plan assets  $200,000  Amortization of unrecognized net loss  82,500  Amortization of unrecognized prior service cost
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 150,000 Expected return on plan assets 230,000 Interest on projected benefit obligation 362,500 Service cost 800,000 The following information is realted to the pension plan of King, Inc. for 2008. Unrecognized gains and losses $90,000 Projected benefit obligation 3,600,000 Accumulated benefit obligation 3,420,000 Vested benefits 1,620,000 Plan assets (at fair value) 3,384,000 Unrecognized prior service cost - Presented below is information related to Kluth, Inc. as of December 31, 2009....
View Full Document

Page1 / 3

Table 14-5 - 150,000 Expected return on plan assets 230,000...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online