Plan assets at the beginning of the year 350 plan

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Unformatted text preview: n on Assets=10% Expected Return on Plan assets=9% Requirements: 2 Determine the amount of pension expense. Plan Assets at the Beginning of the Year $350 Plan Assets at the350 $ Beginning of the Year Actual Return 38 Actual Return Cash Contributions 65 Cash Contributions65 Retiree Benefits (8) **Put in as a Negative Number Retiree Benefits Plan Assets at the End of the Year $445 38 (8) **Put in as a Negative Number Plan Assets at the End of the Year $445 Service Cost $115,000 Interest Cost 67,950 Expected Return (72,900) **Put in as a Negative Number Service Cost $115,000 Interest Cost 67,950 Expected Return (72,900) **Put in as a Negative Number Amortization of Prior Service Cost 7,000 Amortization of Prior Service Cost 7,000 Amortization of Net Loss 3,000 Amortization of Net Loss 3,000 Pension Expense $120,050 Pension Expense $120,050...
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This document was uploaded on 12/16/2013.

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