"02-08Homework Quiz—6

"02-08Homework Quiz—6

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Name Section Homework Quiz—6 1. Pension information for Woods, Inc. for the year 2011 is: Service cost $72,000 Interest on projected benefit obligation 54,000 Interest on vested benefits 24,000 Amortization of prior service cost due to increase in benefits 12,000 Expected return on plan assets 18,000 The amount of defined benefit pension expense to be reported for 2011 is: $120,000 2. Kraft, Inc. sponsors a defined-benefit pension plan. The following data is for the operation of Kraft’s plan for the year 2011. Service cost $ 200,000 Contributions to the plan 220,000 Actual return on plan assets 180,000 Projected benefit obligation (beginning of year) 2,400,000 Market-related and fair value of plan assets (beginning of year) 1,600,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2011 is: $280,000 Use the following information for Cooper Enterprises for questions 3 through 4. December 31, 2011
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This note was uploaded on 04/09/2011 for the course MGMT 351 taught by Professor Staff during the Winter '08 term at Purdue.

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"02-08Homework Quiz—6

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