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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
