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Brief Exercise 17-2 (Algo) Changes in the projected benefit obligation [LO17-3) The projected benefit obligation was $260 million at the beginning of the year and
Brief Exercise 17-2 (Algo) Changes in the projected benefit obligation [LO17-3) The projected benefit obligation was $260 million at the beginning of the year and $278 million at the end of the year. At the end of the year, pension benefits paid by the trustee were $11 million and there were no pension-related other comprehensive income accounts. The actuary's discount rate was 5% What was the amount of the service cost for the year? Service cost million Brief Exercise 17-6 (Algo) Changes in pension plan assets (LO17-4) Pension plan assets were $420 million at the beginning of the year and $445 million at the end of the year. The return on plan assets was 5%. At the end of the year, cash invested in the pension fund was $23 million What was the amount of the retiree benefits paid by the trustee? Retiro benefits million Exercise 17-7 (Algo) Changes in plan assets; determine cash contributions (L017-4] Pension data for Fahy Transportation Inc. include the following: $ in millions) Discount rate, B Expected return on plan assets, 118 Actual return on plan assets, 120 Projected benefit obligation, January 1 Plan assets (fair value), January 1 Plan assets (fair valve), December 31 Benefit payments to retiroos, December 31 $780 750 800 71 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Cash contributions E E million 8
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