Various pension plan information of the Kerem Company for 2007 and 2008 is as follows: Required Fill
Question:
Various pension plan information of the Kerem Company for 2007 and 2008 is as follows:
Required
Fill in the blanks lettered (a) through (l). All the necessary information is listed. It is not necessary to calculate your answers in alphabeticalorder.
Transcribed Image Text:
2008 S100,000 54,000 Service cost Interes Accumulated benefit obligation, 12/31 Discount rate Amortization of unrecognized prior service cost Plan assets (fair value), 1/1* Projected benefit obligation, 1/1 Deferred pension cost, 12/31 Expected long-term rate of return on plan assets Amortiza Additional pension liability, 12/31 Accrued pension cost (liability), 12/31 Average service life of empl Pension expense Cumulative unrecognized net loss, 1/1 Expected return on plan assets Corridor t cost on projected benefit obligation (g) 0 9% 9% 4,000 500,000 4,000 615,000 720,000 (k) 3,000 1190 tion of unrecognized net loss 3,000 17,000 10 years 5,000 26,000 10 years 110,850 68,000 0,000(h) 72,000 1/1/2009: $740,000
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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