Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost $170,000 340,000 170,000 Cr. 100,000 39,000 OCI–Loss As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017. Service cost for 2017 Actual return on plan assets in 2017 Amortization of prior service cost Contributions in 2017 $45,000 27,000 20,000 85,000 51,000 Benefits paid retirees in 2017 Settlement rate 7% Expected return on plan assets Average remaining service life of active employees 8% 10 years

Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost $170,000 340,000 170,000 Cr. 100,000 39,000 OCI–Loss As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017. Service cost for 2017 Actual return on plan assets in 2017 Amortization of prior service cost Contributions in 2017 $45,000 27,000 20,000 85,000 51,000 Benefits paid retirees in 2017 Settlement rate 7% Expected return on plan assets Average remaining service life of active employees 8% 10 years

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 13QE

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