Question
Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012. Market-related FMV of
Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012. Market-related FMV of plan assets at 1-1-12 200,000 Projected Benefit Obligation at 1-1-12220,000 Accumulated Benefit Obligation at 1-1-12180,000 Actual return on plan assets for 201210% Expected return on plan assets for 20128% Settlement rate for 20126% Plan contributions made during 201210,000 Service cost on PBO for 20128,000 Amortization of Prior Service Cost for 2012--800 Amortization of Unrecognized Actuarial losses for 2012--900 Pension Benefits paid out in 2012--1000 Using the information provided above, compute total Pension Expense for 2012: (show your work) |
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