10.) Calculate the total prior service cost using the following information. Write your answer on the...
USE THE FOLLOWING INFORMATION FOR 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year Projected benefit obligation at the end of 2017 Plan assets at the beginning of the year Actual return on plan assets Cash contributions...
USE THE FOLLOWING INFORMATION FOR # 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH 3% 3% 49% $ 120,000 e beginning of 2017 Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year S $ 350,000 40,000 $ $ 3.500 (45,000) Projected benefit obligation at the...
SE THE FOLLOWING INFORMATION FOR #11 - 20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of retum on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 350,000 40,000 00 45.000 Projected benefit obligation at the end of 2017 Plan assets at the beginning of the year...
USE THE FOLLOWING INFORMATION FOR # 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH $ 120,000 Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ $ 350,000 40.000 S 3,500 (45,000) Projected benefit obligation at the end of 2017 $ 250,000 Plan assets at...
10.) Calculate the total prior service cost using the following information. Write your answer on the cover sheet. FACTS: The company has a defined benefit plan Hailey's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate $ 112,000 30 40 20% years of service years years Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 10 2.0% $ 260,000 AFTER...
10.) Calculate the total prior service cost using the following information. Write your answer on the cover sheet. $ FACTS: The company has a defined benefit plan Seth's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate 145,000 45 20 4.0% years of service years years Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 15 2.0% 263,000 $ AFTER...
USE THE FOLLOWING INFORMATION FOR # 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH 3% 3% 4% 120,000 $ e beginning of 2017 Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ $ 350,000 40,000 $ $ 3.500 (45,000) Projected benefit obligation at the...
Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH $ 120,000 $ 350,000 $ 40,000 Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year 3,500 (45,000) $ Projected benefit obligation at the end of 2017 $ 250,000 Plan assets at the beginning of the year Actual return...
Calculate the total prior service cost using the following information. Write your answer on the cover sheet. $ 145,000 FACTS: "he company has a defined benefit plan jeth's salary at the end of 2017 Retirement expected after Retirement period is expected to be nterest Rate 45 years of service years 20 4.0% years Benefits are calculated as a formula as the product of: service already provided 'ercentage inal year's salary is projected to be 15 2.0% 263,000 $ FTER THE...
Calculate the total prior service cost using the following information. Write your answer on the cover sheet. $ 145,000 FACTS: "he company has a defined benefit plan jeth's salary at the end of 2017 Retirement expected after Retirement period is expected to be nterest Rate 45 years of service years 20 4.0% years Benefits are calculated as a formula as the product of: service already provided 'ercentage inal year's salary is projected to be 15 2.0% 263,000 $ FTER THE...