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23 Turner Company uses the following information relating to the pension plan for the employees: 8 Accum. benefit obligation Projected benefit obligation Fair value of
23 Turner Company uses the following information relating to the pension plan for the employees: 8 Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI-net (gain) or loss Settlement rate (for year) Expected rate of return (for year) in 1/1/17 $9,240,000 9,765,000 8,925,000 12/31/17 $9,660,000 10,458,000 12/31/1 $12,600,000 14,007,000 10,920,000 (1,512,000) 11% 12,054,000 (1,680,000) 11% 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $1,323,000 2018 and benefits paid were $987,000. [Lots of information-only use what you need.] The actual return on plan assets in 2018 is $714,000. $798,000. $1.020 000 3.7 pc
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