Company A has a pension plan. On December 31, 2021, the following pension related data were available: Projected Benefit Obligation, beginning $860 Plan Assets, beginning 850 Prior service cost - AOCI (amortization $4 per year) 12 Net gain AOCI (any amortization over 8 years) 110 Service cost 112 Interest cost, discount rate, 5% 43 Actual return on plan assets 55 Expected return on plan assets 45 Cash contributions 117 Pension benefits paid 44 What is Pension Expense? O $114 O $101 $111 O $100

Company A has a pension plan. On December 31, 2021, the following pension related data were available: Projected Benefit Obligation, beginning $860 Plan Assets, beginning 850 Prior service cost - AOCI (amortization $4 per year) 12 Net gain AOCI (any amortization over 8 years) 110 Service cost 112 Interest cost, discount rate, 5% 43 Actual return on plan assets 55 Expected return on plan assets 45 Cash contributions 117 Pension benefits paid 44 What is Pension Expense? O $114 O $101 $111 O $100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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