Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help......Thank you c because 4,250,000*10% but not sure if its correct The following information relates to the pension plan for the employees of Quinlan

please help......Thank you

image text in transcribed

c because 4,250,000*10% but not sure if its correct

image text in transcribed

The following information relates to the pension plan for the employees of Quinlan Co 12/31/14 12/31/15 2/31/16 S4,600,000 S6 0.000.000 S4, 400,000 Accumulated benefit obligation 4,980,000 4,650,000 6,670,000 Projected benefit obligation 4,250,000 5,200,000 5,740,000 Fair value of plan assets 5,160,000 Market-related value of assets (MRAV) 4,100,000 5,650,000 Accumulated OCI -Net loss (500,000) (720,000) (800,000) Settlement rate (for year) 11% 11% 11% Expected rate of return (for year) 6% 8% 7% 2014 2015 2016 $400,000 $500,000 $315,000 Quinlan contribution (for year) $100,000 $235,000 $450,000 Benefits Paid (for year) The corridor for 2015 is Select one O a. $516,000 O b. $520,000 c. $425,000 O d. $465,000 O e. $410,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Complete Guide To Perform Internal And External Audits

Authors: Tim Power

1st Edition

1801490031, 978-1801490030

More Books

Students also viewed these Accounting questions