Question
The following information relates to the pension plan for the employees of a company: 1/1/20 (beg. of yr) 12/31/20 (end. of yr) Projected benefit obligation
The following information relates to the pension plan for the employees of a company:
1/1/20 (beg. of yr) 12/31/20 (end. of yr)
Projected benefit obligation $5,620,000 $6,450,000
Fair value of plan assets 7,100,000 9,280,000
Accumulated OCI 706,000Cr. 653,000Cr.
Settlement rate (for year) 10%
Expected rate of return (for year) 8%
The interest cost for 2020 is_______________.
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
