From the following information given below: Prepare the Statement of Changes in Plan Net Positon. Read...
From the following information given below:
Prepare the Statement of Changes in Plan Net Positon. Read the table carefully, choose the items as per your requirement.
|
Particulars |
Amount |
Particulars |
Amount |
|
Contributions |
deductions |
||
|
employer |
250,000 |
||
|
plan members |
250,000 |
administrative cost |
35,000 |
|
members of S. organization |
350,000 |
salary for the staff |
375,000 |
|
executive plan members |
450,000 |
building repair |
39,000 |
|
investment income |
motor vehicle maintenance |
40,000 |
|
|
interest Income |
50,000 |
depreciation on equipment |
25,000 |
|
Net appreciation in fair value of investment |
75,000 |
depreciation on building |
55,000 |
|
dividends |
35,000 |
overhead expenses |
130,000 |
|
interest on capital investment |
55,000 |
interest paid |
75,000 |
|
interest received on dividend |
45,000 |
Net Position held in the trust for pension benefits beginning of the year |
3,475,000 |
|
Net Position held in the trust for pension benefits end of the year |
????? Calculate |
||
|
investment expenses |
25,000 |
||
|
benefits given |
245,000 |
Homework Answers
Calculation of net position held in the trust for pension benefits end of the year
Opening balance - $3,475,000
Add-: Employer's Contribution - $250,000
Less-: Benefits given -: $ 245,000
Closing net position of plan assets-: $ 3,480,000
Net change in plan assets is of $5,000.
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From the following information given below:
Prepare the Statement of Changes in Plan Net Positon.
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