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The following information relates to the pension plan for the employees of Turner Co.: 1/1/1412/31/1412/31/15 Accum. benefit obligation$6,160,000$6,440,000$8,400,000 Projected benefit obligation6,510,0006,972,0009,338,000 Fair value of plan

The following information relates to the pension plan for the employees of Turner Co.:

1/1/1412/31/1412/31/15

Accum. benefit obligation$6,160,000$6,440,000$8,400,000

Projected benefit obligation6,510,0006,972,0009,338,000

Fair value of plan assets5,950,0007,280,0008,036,000

AOCI - net (gain) or loss-0-(1,008,000)(1,120,000)

Settlement rate (for year)11%11%

Expected rate of return (for year)8%7%

Turner estimates that the average remaining service life is 16 years. Turner's contribution was $882,000 in 2015 and benefits paid were $658,000.

1.The interest cost for 2015 is

a.$627,480.

b.$708,400.

c.$766,920.

d.$1,027,180.

2.The actual return on plan assets in 2015 is Hint: Use beginning and ending plan asset balances along with other information to calculate the actual return.

a.$476,000.

b.$532,000.

c.$686,000.

d.$756,000.

3. The unexpected gain or loss on plan assets in 2015 is

a.$45,920 loss.

b.$26,320 gain.

c.$22,400 gain.

d.$250,320 gain.

4.The corridor for 2015 is

a.$722,400.

b.$728,000.

c.$791,000.

d.$933,800.

5.The amount of AOCI (net gain) amortized in 2015 is

a.$17,850.

b.$17,500.

c.$13,563.

d.$11,638.

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