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Questio Carla Vista Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances relate to this plan.
Questio Carla Vista Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances relate to this plan. Plan assets $497,900 Projected benefit obligation 571,700 Pension asset/liability 73,800 Accumulated OCI (PSC) 101,400 Dr. As a result of the operation of the plan during 2025, the following additional data are provided by the actuary Service cost Settlement rate, 9% $87,700 Actual return on plan assets 53,100 Amortization of prior service cost 18,300 Expected return on plan assets 50,200 Unexpected loss from change in projected benefit obligation due to change in actuarial predictions 74,400 Contributions 97.200 Benefits paid retirees 84,500 ENG Using the data above, compute pension expense for Carla Vista. for the year 2025 by preparing a pension worksheet. (Enter all amounts as positive.) Items Balance, Jan. 1, 2025 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Liability increase Annual Pension Expense Cash
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