Chapters 19 and 20 Question 11 of 25 < > View Policies Current Attempt in Progress The following information relates to Sheridan, Inc.: For the Year Ended December 31, 2020 2021 Plan assets (at fair value) $1704000 $2386000 Pension expense 785000 612000 Projected benefit obligation 2080000 2558000 Annual contribution to plan 830000 612000 Accumulated OCI (PSC) 650000 560000 The amount reported as the liability for pensions on the December 31, 2020 balance sheet is $0. O $338000. O $38000. O $376000. 1aee29a6#/question/10 -/3.75 E Question 12 of 25 < View Policies Current Attempt in Progress Wildhorse Corporation received the following report from its actuary at the end of the year: December 31, 2020 December 31, 2021 Projected benefit obligation $3856000 $4250000 Accumulated benefit obligation 2453000 2813000 Fair value of pension plan assets 2613000 2733000 The amount reported as the pension liability at December 31, 2021 is $2813000. $1437000. O $4250000. O $1517000. -/3.75 E Question 13 of 25 < > View Policies -/3.75 E Current Attempt in Progress Blossom, Inc. has a defined-benefit pension plan covering its 50 employees. Blossom agrees to amend its pension benefits. As a result, the projected benefit obligation increased by $3150000. Blossom determined that all its employees are expected to receive benefits under the plan over the next 5 years. In addition, 10 employees are expected to retire or quit each year. Assuming that Blossom uses the years-of-service method of amortization for prior service cost, the amount reported as amortization of prior service cost in year one after the amendment is $735000. O $210000. O $630000. O $1050000. Save for Later Attempts: 0 of 1 user Submit Answer Question 14 of 25 < View Policies Current Attempt in Progress Presented below is pension information related to Oriole Company as of December 31, 2021: Accumulated benefit obligation $ 3168000 Projected benefit obligation Plan assets (at fair value) Accumulated OCI (G/L) 3759000 4050000 111000 The amount to be reported as Pension Asset/Liability as of December 31, 2021 is Pension Liability of $591000. O Pension Asset of $882000. O Pension Liability of $291000. O Pension Asset of $291000. Save for Later -13.75 E Attempts: 0 of 1 used Submit Answ Question 15 of 25 < > View Policies Current Attempt in Progress Presented below is pension information related to Cullumber, Inc. for the year 2021: Service cost $420000 Interest on projected benefit obligation 275000 Interest on vested benefits 121000 Amortization of prior service cost due to increase in benefits 61000 Expected return on plan assets 91000 The amount of pension expense to be reported for 2021 is $877000. O $665000. O $786000. O $604000. Save for Later -73.75 Attempts: 0 of 1 used Sul