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answers only. pls refer to the image 1. Data regarding the defined benefit plan of Clgie Company follow: Fair value of plan assets, Jan. 1

answers only. pls refer to the image

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1. Data regarding the defined benefit plan of Clgie Company follow: Fair value of plan assets, Jan. 1 800.000 Return on plan assets {actual rate of return for the period] 10% Contributions to the retirement fund during the year 600,000 Benefits paid to the retirees 300,000 Settlement price of 000 40,000 How much is the ending balance of the fair value of plan assets? a. 1,430,000 b. 1,130,000 c. 1,100,000 d. 1,140,000 2. Data regarding the defined benefit plan of Coco Company follow: Present value of defined benefit obligation, Jan. 1 550,000 Current service cost 200,000 Interest cost 10% Benefits paid to retirees 240,000 Increase in present value due to change in actuarial assumptions 80,000 Past service cost 400,000 Present value of 000 settled 230,000 How much is the ending balance of the defined benet obligation? a. 1,045,000 b. 265,000 c. 1,285,000 0. 110,000

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