Question
The following facts apply to Oehler Company for the year 2012: Plan assets, 1/1/12........................................................................... $450,000 Projected benefit obligation, 1/1/12.................................................... 450,000 Annual service cost for 2012.................................................................
The following facts apply to Oehler Company for the year 2012:
Plan assets, 1/1/12........................................................................... $450,000
Projected benefit obligation, 1/1/12.................................................... 450,000
Annual service cost for 2012................................................................. 27,000
Settlement rate for 2012............................................................................. 7%
Actual return on plan assets for 2012.................................................... 30,000
Contributions (funding) in 2012............................................................. 32,000
Benefits paid to retirees in 2012............................................................ 17,000
The balance of Plan assets to be reported end of 2012 is
| a. | 57,000 | |
| b. | 491,500 | |
| c. | 495,000 | |
| d. | 62,000 |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
