Question
The following information relates to the pension plan for the employees of Sunland Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 8640000 $ 9060000 $
The following information relates to the pension plan for the employees of Sunland Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 8640000 $ 9060000 $ 12000000 Projected benefit obligation 9165000 9858000 13407000 Fair value of plan assets 8325000 10320000 11454000 AOCI net (gain) or loss -0- (1452000 ) (1620000 ) Settlement rate (for year) 9% 9% Expected rate of return (for year) 9% 8% Sunland estimates that the average remaining service life is 16 years. Sunland's contribution was $1263000 in 2021 and benefits paid were $927000. The corridor for 2021 is $825600. $1032000. $1072560. $1206630.
The following information relates to the pension plan for the employees of Sunland Co.: Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI net (gain) or loss Settlement rate (for year) Expected rate of return (for year) 1/1/20 $8640000 9165000 8325000 -0- 12/31/20 $ 9060000 9858000 10320000 (1452000) 9% 9% 12/31/21 $12000000 13407000 11454000 (1620000) 9% 8% Sunland estimates that the average remaining service life is 16 years. Sunland's contribution was $1263000 in 2021 and benefits paid were $927000. The corridor for 2021 is $825600. $1032000. $1072560. $1206630
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