At the start of the year,Boy had the following balances in its pension benefit memo records: Fair value of plan assets, 3,200,000 Accrued benefit obligations, 3,200,000 During the year,the following data related to pension plan are available: current service cost, 140,000 Contribution to the plan, 204,000 Benefits paid to retirees, 200,000 Actual return on plan assets, 185,000 Discount rate, 9% The amount of retirement benefit expense to be recognized in other comprehensive income? a. 143,000 b. 236,000 c. 243,000 d. 436,000
At the start of the year,Boy had the following balances in its pension benefit memo records: Fair value of plan assets, 3,200,000 Accrued benefit obligations, 3,200,000 During the year,the following data related to pension plan are available: current service cost, 140,000 Contribution to the plan, 204,000 Benefits paid to retirees, 200,000 Actual return on plan assets, 185,000 Discount rate, 9% The amount of retirement benefit expense to be recognized in other comprehensive income? a. 143,000 b. 236,000 c. 243,000 d. 436,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 7RE
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At the start of the year,Boy had the following balances in its pension benefit memo records:
- Fair value of plan assets, 3,200,000
- Accrued benefit obligations, 3,200,000
During the year,the following data related to pension plan are available:
- current service cost, 140,000
- Contribution to the plan, 204,000
- Benefits paid to retirees, 200,000
- Actual return on plan assets, 185,000
- Discount rate, 9%
The amount of retirement benefit expense to be recognized in other comprehensive income?
a. 143,000
b. 236,000
c. 243,000
d. 436,000
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