document. Organize your sluiu the solution (to permit partial credit). y received the following selected information from its pension plan trustee 25PTS Q1 Z Compan concerning the operation of th...
Pronghorn Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2017. January 1, 2017 December 31, 2017 Projected benefit obligation $1,515,000 $1,541,000 Market-related and fair value of plan assets 816,000 1,152,600 Accumulated benefit obligation 1,631,000 1,751,000 Accumulated OCI (G/L)—Net gain 0 (201,500 ) The service cost component of pension expense for employee services rendered in the current year amounted to $76,000 and...
Riverbed Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2017. January 1, 2017 December 31, 2017 Projected benefit obligation $1,523,000 $1,550,000 Market-related and fair value of plan assets 794,000 1,128,400 Accumulated benefit obligation 1,597,000 1,716,400 Accumulated OCI (G/L)—Net gain 0 (202,300 ) The service cost component of pension expense for employee services rendered in the current year amounted to $77,000 and...
Marina Comp. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2013: January 1, 2013 December 31, 2013 Projected benefit obligation $2,500,000 $2,850,000 Fair value of plan assets 1,250,000 1,600,000 Accumulated benefit obligation 1,930,000 2,620,000 Accumulated OCI – (PSC) 540,000 300,000 The service cost component for 2013 is $120,000 and the amortization of prior service cost is $240,000. The company's actual...
Question Shamrock Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2017. December 31, 2017 January 1, 2017 $1,491,000 $1,517,000 Projected benefit obligation Market-related and fair value of plan assets Accumulated benefit obligation 804,000 1,138,400 1,587,000 1,704,700 Accumulated OCI (G/L)-Net gain (199,100 ) The service cost component of pension expense for employee services rendered in the current year amounted to $76,000 and...
Sheridan, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2021: Projected benefit obligation Fair value of plan assets Accumulated benefit obligation Accumulated OCI-(PSC) January 1, 2021 $2,570,000 1.320,000 1.937,000 547,000 December 31, 2021 $2.920,000 1,670,000 2,627.000 303,500 The service cost component for 2021 is $143.500 and the amortization of prior service cost is $243,500. The company's actual funding of the plan in...
Riverbed Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2017. January 1, 2017 December 31, 2017 Projected benefit obligation $1,523,000 $1,550,000 Market-related and fair value of plan assets 794,000 1,128,400 Accumulated benefit obligation 1,597,000 1,716,400 Accumulated OCI (G/L)—Net gain 0 (202,300 ) The service cost component of pension expense for employee services rendered in the current year amounted to $77,000 and...
Exercise 20-12 Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2017.January 1, 2017 $1,500,000 800,000 1,600,000 December 31, 2017 Projected benefit obligation $1,527,000 Market-related and fair value of plan assets Accumulated benefit obligation 1,130,000 1,720,000 (200,000) Accumulated OCI (G/L)-Net gain The service cost component of pension expense for employee services rendered in the current year amounted to $77,000 and the amortization of...
Ayayai Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2020. January 1, 2020 December 31, 2020 Projected benefit obligation $1,499,000 $1,527,000 Market-related and fair value of plan assets 802,000 1,127,200 Accumulated benefit obligation 1,622,000 1,742,500 Accumulated OCI (G/L)—Net gain 0 (199,900 ) The service cost component of pension expense for employee services rendered in the current year amounted to $78,000 and...
Exercise 20-12 Windsor Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2017 Projected benefit obligation Market-related and fair value of plan assets Accumulated benefit obligation Accumulated OCI (G/L)-Net gain January 1, 2017 $1,525,000 794,000 1,605,000 0 December 31, 2017 $1,553,000 1,124,400 1,724,400 (202,500) The service cost component pension expense for employee services rendered in the current year amounted to $78,000 and...
Tingstad Inc. received the following information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020: Projected benefit obligation Market-related asset value Accumulated benefit obligation January 1, 2020 $3,500,000 1,750,000 2,700,000 December 31, 2020 $3,990,000 2,240,000 3,670,000 The service cost component for 2020 is $310,000 and the amortization of prior service cost is $240,000. The company's actual funding of the plan in 2020 amounted to $710,000. The expected...