Canadian National Railway Company Obtain the financial statements of the Canadian National Railway Company for its year ended December 31, 2014 from SEDAR (sedar.com) or the company's website.

Instructions
Review the information contained in the "Additional Disclosures" section of Note 12 to the financial statements, and answer the following questions.

(a) Is the company's pension plan in a surplus or deficitposition at December 31, 2014? At December 31, 2013?Provide details in support of your answer. Comment onwhat significant events caused the major change in theplan's net position over the 2014 year.
(b) What is the amount reported for the net periodic pensionbenefit cost for the years ended December 31, 2014 andDecember 31, 2013? Comment on the cause of any significant change in this cost in 2014 relative to 2013.
(c) What was the cash flow used to fund the plan in 2014 and2013? Why would there be differences in the annual funding amounts? How do these amounts compare with theexpense that is reported for the company for the relatedyears?
(d) Comment on whether or not you believe that the pension expense is faithfully represented in the statement ofincome for the years 2014 and 2013.