d. State why Pfizer's balance sheet contains an accrued benefit lability despite the excess of plan assets over the benefit obligation

e. Explain what is represented by the amount ($317 million for 1999) shown in accumulated other comprehensive income.

f. Compute the actual rate of return on assets for 1997-1999. g. Evaluate Pfizer's expected return on plan assets in light of the results in part f h. Pfizer's discount rate and assumed rate of compensation in- crease for its international plans are both below the assump- tions for its U.S plans. State the inference that can be made about the relative rates of inflation i. Calculate cach of the following for 1997-1999; (i) Recurring pension cost (ii) Gross pension cost (iii) Nonsmoothed pension cost j. Compare the measures of pension cost calculated in part I with (i) Pension cost reported by Pfizer (ii) The pension plan cash flows k. Calculate and justify the adjustments you would make to Pfizer's balance sheet at December 31, 1999 to reflect the economic position of its pension plans. I. Forecast Pfizer's 2000 pension cost, stating any assumptions. Exhibit 12P-1 provides information regarding the Ford Motor IF pension plans for US. employees. Problems 12-4 through 12-6 require the analysis of those disclosures