Various pension plan information of the Kerem Company for 2010 and 2011 is as follows: Required Fill
Question:
Various pension plan information of the Kerem Company for 2010 and 2011 is as follows:
Required
Fill in the blanks lettered (a) through (k). All the necessary information is listed. It is not necessary to calculate your answers in alphabeticalorder.
Transcribed Image Text:
2010 5100,000 9% 500,000 2011 Service cost Interest cost on projected benefit obligation Discount rate Amortization of prior service cost Plan assets (fair value), 1/1' 54,000() 9% 4,000 4,000 615,000 720,000 Projected benefit obligation, 1/1# Expected long-term rate of return on plan assets Amortization of net loss Accrued pension cost (liability), 12/31 Average service life of employees Pension expense Cumulative net loss, 1/1 Expected return on plan assets Corridon 11% 700 (0(k) 10 years (e)110,850 68,000 50,000 10 years 72,000 1/1/2012: $762,000 #1/1/2012: $857,800
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1 54000 009 a 600000 2 50000 500000 b 010 3 See calculation of d below 4 600000 from footnote ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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