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The following information pertains to Honn Corporation's defined benefit pension plan: ($ in thousands) 2024 Beginning balances 2025 Beginning balances Projected benefit obligation $ (7,600)
The following information pertains to Honn Corporation's defined benefit pension plan: ($ in thousands) 2024 Beginning balances 2025 Beginning balances Projected benefit obligation $ (7,600) $ (8,104) Plan assets 7,300 7,936 Prior service cost-AOCI 760 720 Net loss-AOCI $ 880 $ 960 At the end of 2024, Honn contributed $600 thousand to the pension fund and benefit payments of $754 thousand were made to retirees. The expected rate of return on plan assets was 12%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Honn's 2024 actual return on plan assets? Multiple Choice $790 thousand $780 thousand $1,544 thousand None of these answer choices are correct
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