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Wildhorse Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020: Actual return on
Wildhorse Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020:
Actual return on plan assets | $15 | Current service cost | $30 | |||
---|---|---|---|---|---|---|
Benefits paid to retirees | 11 | Interest cost | 10 | |||
Contributions from employer | 25 | Opening balance, defined benefit obligation (DBO) | 96 | |||
Cost of plan amendment in year | 11 | Opening balance, plan assets | 104 |
Defined benefit obligation, ending balance = $136 Provide a continuity schedule for the plan assets for the year.
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