Riverbed Corporation has the following balances at December 31, 2017. Projected benefit obligation $2,464,000 Plan assets...
Riverbed Corporation has the following balances at December 31,
2017.
| Projected benefit obligation | $2,464,000 | |
| Plan assets at fair value | 1,823,000 | |
| Accumulated OCI (PSC) | 1,088,000 |
What is the amount for pension liability that should be reported on
Riverbed's balance sheet at December 31, 2017?
| Pension liability balance at December 31, 2017 | $
|
Homework Answers
Pension liability balance at December 31, 2017 = Projected benefit obligation - Plan assets at fair value = $2,464,000 - $1,823,000 = $641,000
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Riverbed Corporation has the following balances at December 31,
2017.
Projected benefit obligation
$2,464,000
Plan assets...
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Scottsdale Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, t...
Scottsdale Corp. sponsors a defined benefit pension plan for its
employees. On January 1, 2017, the following balances relate to
this plan.
Plan assets
$480,000
Projected benefit obligation
625,000
Accumulated OCI (PSC)
100,000 Dr.
Accumulated OCI (Gain/Loss)
85,000 Cr.
As a result of the operation of the plan during 2017, the
following additional data are provided by the actuary:
Service cost for 2017
$90,000
Settlement rate
9%
Actual return on plan assets in 2017
57,000
Expected return on plan assets...
A
B
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Scottsdale Corp. sponsors a defined benefit pension plan for its
employees. On January 1, 2017, the following balances relate to
this plan.
Plan assets
$480,000
Projected benefit obligation
625,000
Accumulated OCI (PSC)
100,000 Dr.
Accumulated OCI (Gain/Loss)
85,000 Cr.
As a result of the operation of the plan during 2017, the
following additional data are provided by the actuary:
Service cost for 2017
$90,000
Settlement rate
9%
Actual return on plan assets in 2017
57,000
Expected return on plan assets...
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