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Question Completion Status: QUESTION 6 Eastwood, Inc. received the following information from its pension plan trustee concerning the operation of the company: defined-benefit pension plan
Question Completion Status: QUESTION 6 Eastwood, Inc. received the following information from its pension plan trustee concerning the operation of the company: defined-benefit pension plan for the year ended December 31, 2015 Projected benefit obligation Pension assets (at fair value) Accumulated benefit obligation Net (gains) and losses $11,400,000 6,000,000 2,400,000 11,760,000 6,900,000 2,760,000 240,000 The service cost component of pension expense for 2015 is $890,000 and the amortization of prior service cost due to an increas in benefits is $180,000. The settlement rate is 10% and the expected rate of return is 8% What is the amount of pension expense for 2015? QUESTION 7 The following information for kelper Enterprises is given below December 31, 2015 Assets and obligations $400,000 Plan assets (at fair value) Chok Save and Submit to save and rubmit. Ciek Save All Answers to save all anscers
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