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The following data are for the pension plan for the employees of Central Company. 1/1/17 12/31/17 12/31/18 Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000 Projected benefit
The following data are for the pension plan for the employees of Central Company.
1/1/17 12/31/17 12/31/18
Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000
Projected benefit obligation 5,400,000 6,200,000 7,600,000
Plan assets (at fair value) 4,600,000 6,400,000 6,900,000
AOCL net loss -0- 880,000 1,100,000
Settlement rate (for year) 10% 9%
Expected rate of return (for year) 8% 7%
The amount of the expected return on pension assets in 2018 was
a. |
| |
b. |
| |
c. | $483,000. | |
d. |
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