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Sandra Company provided the following information for the current year: Current service cost 500,000 Interest expense on PBO 600,000 Interest income on plan assets 350,000

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Sandra Company provided the following information for the current year: Current service cost 500,000 Interest expense on PBO 600,000 Interest income on plan assets 350,000 Loss on plan settlement before normal retirement date 250,000 Present value of benefit obligation settled in advance 950,000 Past service cost during the year 300,000 Actual return on plan assets 850,000 Actuarial loss on PBO during the year 200,000 Contribution to the plan 1,500,000 Benefits paid to retirees 1,000,000 Discount rate 10%1. What is the employee benefit expense for the current year? a. 1,300,000 b. 1,050,000 c. 1,500,000 d. 1,100;000 2. What is the net remeasurement for the current year? a. 500,000 gain b. 200,000 loss c. 300,000 gain d. 300,000 loss 3. What amount should be reported as accrued benefit cost at year-end? a. 2,000,000 b. 1,500,000 c. 1,750,000 d. . 500,000 4. . What is the fair value of plan assets at year-end? a. 3,650,000 b. 4,650,000 C. 4,900,000 d. 5,850,000 5. What is the projected benefit obligation at year-end?. a. .5,650,000 b. 6,650,000 C. 6,400,000 d. 6,450,000

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