# Chap017 - Student Name Instructor Class McGraw-Hill/Irwin Problem 17-6 STANLEY-MORGAN INDUSTRIES Calculations(\$ in 000s 1 Projected Benefit

This preview shows pages 1–4. Sign up to view the full content.

Student Name: Instructor Class: McGraw-Hill/Irwin Problem 17-6 STANLEY-MORGAN INDUSTRIES Calculations (\$ in 000s) 1. Projected Benefit Obligation Balance, January 1, 2011 \$- Service cost 150 Interest cost - Benefits paid - Balance, December 31, 2011 \$150 «- Correct! Service cost 200 Interest cost 9 Benefits paid - Balance, December 31, 2012 \$359 «- Correct! 2. Plan Assets Balance, January 1, 2011 \$- Actual return on plan assets - Contributions 2011 160 Benefits paid - Balance, December 31, 2011 \$160 «- Correct! Actual return on plan assets 16 Contributions 2012 170 Benefits paid - Balance, December 31, 2012 \$346 «- Correct! 3. Pension Expense - 2011 Service cost \$150 Interest cost - Expected return on the plan assets - Pension expense \$150 «- Correct! Pension Expense - 2012 Service cost \$200 Interest cost 9 Expected return on the plan assets (16) Pension expense \$193 «- Correct! 4. Net Pension Asset/Liability PBO \$150 Plan assets 160 Net pension asset, Dec. 31, 2011 \$10 «- Correct! PBO \$359 Plan assets 346 Net pension liability, Dec. 31, 2012 \$13 «- Correct!

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

View Full Document
Given Data P17-06: STANLEY-MORGAN INDUSTRIES Expected plan asset earnings 10% rate of return Recommended discount rate 6% Service cost, 2011 \$150,000 Service cost, 2012 \$200,000 Year-end funding, 2011 \$160,000 Year-end funding, 2012 \$170,000
Student Name: Instructor Class: McGraw-Hill/Irwin Problem 17-12 KOLLAR COMPANY Pension Expenses (\$ in millions) Requirement 1: 2011 2012 Service cost \$520.0 \$570.0 Interest on PBO* 220.0 256.0 Expected return** (192.0) (232.8)

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

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 12/02/2010 for the course ACCT 211 taught by Professor Frech during the Spring '10 term at Benedictine IL.

### Page1 / 11

Chap017 - Student Name Instructor Class McGraw-Hill/Irwin Problem 17-6 STANLEY-MORGAN INDUSTRIES Calculations(\$ in 000s 1 Projected Benefit

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online