9. [Effect of investment performance on pension cost] Exhibit 12P-4 contains pension plan data from the 2001

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

The Analysis And Use Of Financial Statements

ISBN: 9780471375944

3rd Edition

Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried

Question Posted: