Post retirement Benefit Expense Computation- Kreter Co. Provides the following information about its postretirement benefit plan for
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Post retirement Benefit Expense Computation- Kreter Co. Provides the following information about its postretirement benefit plan for the year 2014.
Service cost-45,000
Contribution to the plan-10,000
Actual and expected return on plan assets- 11,000
Benefits paid- 20,000
Plan assets at January 1, 2014- 110,000
Accumulated post retirmenet benfit obligation at January 1, 2014-330,000
Discount rate 8%
INSTRUCTIONS- compute the post retirement benefit expense for 2014.
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