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Question 11 3 pts The following information relates to the pension plan for the employees of Turner Co.: 12/31/20 12/31/21 Projected benefit obligation 10,458,000 14,007,000
Question 11 3 pts The following information relates to the pension plan for the employees of Turner Co.: 12/31/20 12/31/21 Projected benefit obligation 10,458,000 14,007,000 Fair value of plan assets 10,920,000 12,054,000 AOCI - net (gain) or loss (1,512,000) (1,680,000) Settlement rate (for year) 11% 11% Expected rate of return (for year) 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $1,323,000 in 2021 and benefits paid were $987,000. The interest cost for 2021 is $1,150,380. $1,062,600. O $1,540,770. $941,220
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