36-40 - HOMEWORK - SPRING 2011 ALL homework assignments...

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HOMEWORK - SPRING 2011 ALL homework assignments must be completed by using some type of computer software program, e.g., word, excel. YOU WILL NOT RECEIVE FULL CREDIT FOR THE HOMEWORK UNLESS IT IS COMPLETED BY USING A COMPUTER. NO CREDIT WILL BE GIVEN FOR LATE HOMEWORK. When completing your homework assignments DO NOT use any abbreviations. As discussed during class, you can work on these homework assignments in groups or as an individual. 36. (4 points) The following information is for the pension plan for the employees of Payne, Inc. 12/31/10 12/31/11 Accumulated benefit obligation $2,800,000 $3,760,000 Projected benefit obligation 3,040,000 4,000,000 Fair value of plan assets 3,080,000 3,520,000 AOCI – Net (gain) or loss (425,000) (480,000) Settlement rate 8% 8% Expected rate of return 7% 6% Payne estimates that the average remaining service life is 15 years. Payne's contribution was $520,000 in 2011 and benefits paid in 2011 were $280,000. (a)
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This document was uploaded on 03/30/2011.

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36-40 - HOMEWORK - SPRING 2011 ALL homework assignments...

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