Question
From the following information, answer the next 3 questions. Actual return on plan assets $ 29,000 Actuarial loss 12,000 Amortization of prior service cost 10,000
From the following information, answer the next 3 questions.
Actual return on plan assets $ 29,000
Actuarial loss 12,000
Amortization of prior service cost 10,000
Beginning PBO 930,000
Beginning plan assets 760,000
Benefits paid 44,000
Contributions 83,000
Interest cost 56,000
Pension cost 71,000
Service cost 34,000
What is the beginning funded status?
a. $180,000 underfunded
b. d$170,000 overfunded
c. $180,000 overfunded
d. $170,000 underfunded
What is the ending balance of the PBO?
a. $1,071,000
b. $1,032,000
c. $976,000
d. $988,000
What is the expected return on plan assets?
a. $29,000
b. $41,000
c. Cannot be computed from the data given
d. $19,000
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Vendor Audit Auditing Construction Contract Trust But Verify A Concise Guidebook On How To Execute Vendor Audit That Add Values To The Companys Bottom Line
Authors: Hin H Leong
1st Edition
1525554093, 978-1525554094
