Pension items discussed in this chapter along with account effects are included in the following two lists.
Question:
Pension items discussed in this chapter along with account effects are included in the following two lists.
Required
Match each pension item, \(a\) through \(l\) with the account effect \(l\) through 9 . More than one account effect may apply to a pension item.
Transcribed Image Text:
Account Effects 1. Increase pension expense Pension Items a. Service cost 2. Decrease pension expense b. Expected return on plan assets 3. Increase projected benefit obligation c. Excess of expected return over actual return on plan assets d. Excess of actual return over expected return on plan assets 4. Decrease projected benefit obligation e. Amortization of prior service cost f. Actuarial loss on the PBO (deferral) 5. Increase plan assets g. Amendment to prior service cost (increase benefits) 6. Decrease plan assets h. Payment of retirement benefits 7. Increase other comprehen- i. Actuarial gain on the PBO (deferral) sive income j. Employer contributions - 8. Decrease other comprehen- k. Interest cost on the PBO - sive income 9. Decrease cash 1. Amortization of actuarial pension loss
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781618533135
2nd Edition
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
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