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he following information relates to the defined benefit pension plan for the McDonald Company for the year ending December 31, 2008. Projected benefit obligation, January
he following information relates to the defined benefit pension plan for the McDonald Company for the year ending December 31, 2008. Projected benefit obligation, January Projected benefit obligation, December 31 Fair value of plan assets, January Fair value of plan assets, December 31 Expected return on plan assets Amortization of deferred gain $4,600,000 4,729,000 5,035,000 5,565,000 450,000 32,500 425,000 390,000 10% Benefits paid to retirees Settlement rate. The actual return on plan assets for the year is a. $105,000. b. $495,000. c. $503,500. d. $530,000
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