Question
Beginning PBO $860,000 Beginning plan assets 770,000 Beginning prior service cost 156,000 Actual return on plan assets 62,000 Actuarial gain 5,100 Benefits paid 37,000 Contributions
Beginning PBO $860,000
Beginning plan assets 770,000
Beginning prior service cost 156,000
Actual return on plan assets 62,000
Actuarial gain 5,100
Benefits paid 37,000
Contributions 31,000
Service cost 16,000
Discount rate 3%
Expected return 5%
Service life 13 years
What is the pension cost for the year?
- $53,800
- $15,300
- $3300
- $10,200
What is the ending PBO?
- $896,700
- $869,900
- $859,700
- $890,700
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
