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Question 3 Pension data for Manu Services Inc. include the following: Discount rate 8% Expected return on plan assets 9% Actual return on plan assets
Question 3 Pension data for Manu Services Inc. include the following: Discount rate 8% Expected return on plan assets 9% Actual return on plan assets Service cost, 2016 Accumulated benefit obligation 1/1/16 Projected benefit obligation 1/1/16 Plan assets (fair value) 1/1/16 Prior service cost-AOCI 1/1/16 Net gain-AOCI 1/1/16 2016 Cash contributions to pension fund 2016 Benefit payments to retirees 275.200 1,959,100 2,374,750 2,572,050 308,566 343,225 278,552 268,909 On average, employees' remaining service life with the company is 10 years When recording the pension expense for 2016 for Manu, Plan Assets will be debited for $
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