9. [Effect of investment performance on pension cost] Exhibit 12P-4 contains pension plan data from the 2001
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9. [Effect of investment performance on pension cost] Exhibit 12P-4 contains pension plan data from the 2001 financial state- ment footnotes of General Electric [GC]. GF reported that the expected return on assets assumption for 2002 would be 8.5%. compared with 9.5% for 2001.
a. Estimate the expected return on assets component of GE's 2002 pension cost and compare that amount with the 2001 component.
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Related Book For
The Analysis And Use Of Financial Statements
ISBN: 9780471375944
3rd Edition
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
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