Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $400,000 195,000 $250,000 30,000 Balance, January 1 Service cost Actual return Interest cost 32,000 Annual contribution 110,000 Benefits paid (80,000) Benefits paid (80,000) Balance, December 31 $547,000 Balance, December 31 $310,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? Multiple Choice $202,000. $197,000. $227,000. 9 of 15 Next > < Prev Question no....pages pdf Question no...pages
Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $400,000 195,000 $250,000 30,000 Balance, January 1 Service cost Actual return Interest cost 32,000 Annual contribution 110,000 Benefits paid (80,000) Benefits paid (80,000) Balance, December 31 $547,000 Balance, December 31 $310,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? Multiple Choice $202,000. $197,000. $227,000. 9 of 15 Next > < Prev Question no....pages pdf Question no...pages
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 35P
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Bissell Company recelved the following reports of its defined benefit penslon plan for the current calendar year:
PBO
Plan assets
$400,000
195,000
32,000
(80,000)
$250,000
30,000
110,000
(80,000)
Balance, January 1
Balance, January 1
Service cost
Actual return
Interest cost
Annual contribution
Benefits paid
Benefits paid
Balance, December 31
$547,000
Balance, December 31
$310,000
The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year?
Multiple Choice
$202,000.
$197,000.
$227,000.
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Bissell Company recelved the following reports of its defined benefit penslon plan for the current calendar year:
PBO
Plan assets
$400,000
195,000
32,000
(80,000)
$250,000
30,000
110,000
(80,000)
Balance, January 1
Balance, January 1
Service cost
Actual return
Interest cost
Annual contribution
Benefits paid
Benefits paid
Balance, December 31
$547,000
Balance, December 31
$310,000
The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year?
Multiple Choice
$202,000.
$197,000.
$227,000.
Prev
9 of 15
Next >
Show
7 Question no....pages
..pdf
Question no....pages
MacBook Air
身
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