The following information is for Mattra Co.’s defined benefi…
The following information is for Mattra Co.’s defined benefit pension plan for the current year: Fair value of plan assets, beginning of the year $800,000 Employer contributions 150,000 Benefits paid 125,000 Expected rate of return 10% Fair value of plan assets, end of year $950,000 What amount is the actual return on plan assets?
Read DetailsThe following information pertains to McDonald Co.’s defined…
The following information pertains to McDonald Co.’s defined benefit pension plan: Projected Benefit Obligation, Jan. 1 $144,000 Assumed discount rate 10% Service cost for the year $36,000 Pension benefits paid during the year $30,000 If no change in actuarial estimates occurred during the year, McDonald Co.’s PBO at December 31 was
Read Details