Question 22 The following information applies to the next 5 questions The following information relates to the pension clan for the employees of Turner Co 11/22 12/31/22 Projected Benefit Obligation For Value of Plan Assets Accumulated OCI - Net (Gain) or Loss $6.972 000 7,280,000 50,338,000 8,036 000 (1,008,000) (1.120,000) Settlement Rate for 2022 - 11% Expected Return on Assets for 2022 - 7% of $509,600 Tumer estimates that the average remaining service life is 16 years Turnor's Contribution was $882,000 in 2022 and Benefits paid were $658,000 The Interest Cost for 2022 is a $627 480 O b. $1,027,180 O c $766,920 Od $883,960 O e $708,400 Question 23 Information continued from previous Question The following indomation relates to the person plan for the employees of Turmer Co 141122 12/31/22 59 338.000 Projected Benefit Obligation Fair Value of Plan Assets Accumulated OCI - Not (Gain) or Loss $6.972,000 7.280,000 8,036,000 (1.120,000) (1,008,000) Settlement Rate for 2022 - 11% Expected Return on Assets for 2022-7% or $509,600 Turner estimates that the average remaining service life is 16 years Turner's Contribution was $882,000 in 2022 and Benefits paid were $658,000 The Actual Return on Plan Assets in 2022 is O a $532,000 O $476,000 O $756,000 Od 1980,000 O e $686,000 Information Continued from previous Question: The following information relates to the pension plan for the employees of Tumor Co. 1/1122 12/31/22 $6,972,000 $9,338,000 Projected Benefit Obligation Fair Value of Plan Assets 7,280,000 8,038,000 (1,008,000) (1.120,000) Accumulated OCI -Net (Gain) or Loss Settlement Rate for 2022 - 11% Expected Return on Assets for 2022-7% or $509.600 Turner estimates that the average remaining service life is 16 years Turner's Contribution was $882,000 in 2022 and Benefits paid were $658,000. The Unexpected Gain or Loss on Plan Assets in 2022 is O a $22,400 loss O b. $26,320 gain O c. $22,400 gain Information Continued from Previous Question: The following information relates to the pension plan for the employees of Turner Co 1/1/22 12/31/22 Projected Benefit Obligation $6.972,000 7.280,000 Fair Value of Plan Assets $9,338,000 8,036,000 (1.120,000) Accumulated OCI - Not (Gain) or Loss (1,008,000) Settlement Rate for 2022 - 11% Expected Return on Assets for 2022-7% or $509,600 Turner estimates that the average remaining service life is 16 years Tumor's Contribution was $882,000 in 2022 and Benefits paid were $658,000 The Corridor for 2022 is O a $791,000 O b. $728,000 6702 Information Continued from Previous Question: The following information relates to the pension plan for the employees of Turner Co 1/1/22 12/31/22 Projoctod Bonefit Obligation Fair Value of Plan Assets Accumulated OCI - Net (Gain) or Loss $6,972,000 7.280,000 (1,008,000) $9,338,000 8,038,000 (1.120,000) Settlement Rate for 2022-11% Expected Return on Assets for 2022-7% or $509.600 Tumor estimates that the average remaining service life is 16 years Turner's Contribution was $882,000 in 2022 and Benefits paid were $658,000 The amount of Accumulated OCI (net Gain) amortized in 2022 is O a. 84,725 O b. $11,638
