Question
HELP ME TO ANSWER THE FOLLOWING, NO NEED TO EXPLAIN AND ELABORATE. JUST A SIMPLE SOLUTION AND ANSWER. URGENT 1. For Stubby Corporation, year-end plan
HELP ME TO ANSWER THE FOLLOWING, NO NEED TO EXPLAIN AND ELABORATE.
JUST A SIMPLE SOLUTION AND ANSWER.
URGENT
1. For Stubby Corporation, year-end plan assets were P2, 000,000. At the beginning of the year, plan assets were P1, 780,000. During the year, contributions to the pension fund were P120, 000, and benefits paid were P200, 000. Compute Warren's actual return on plan assets.
2. At December 31, 2019, Bashful Corporation had a projected benefit obligation of P5,600,000, plan assets of P3,220,000, and prior service cost of P1,270,000 in accumulated other comprehensive income. Determine the pension asset/liability at December 31, 2019.
3. At January 1, 2019, Jolly Company had plan assets of P2, 800,000 and a projected benefit obligation of the same amount. During 2019, service cost was P275,000, the settlement rate was 10%, actual and expected return on plan assets were P250,000, contributions were P200,000, and benefits paid were P175,000. Help me to present a pension worksheet for Jolly Company for 2
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