For Warren Corporation, year-end assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Computer Warren's actual return on plan assets.
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- For Stubby Corporation, year-end plan assets were P2, 000,000. At the beginning of the year, plan assets were P1, 780,000. During the year, contributions to the pension fund were P120, 000, and benefits paid were P200, 000. Compute Warren’s actual return on plan assets.For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren’s actual return on plan assetsFor Blossom Corporation, year-end plan assets were $1,998,000. At the beginning of the year, plan assets were $1,774,000. During the year, contributions to the pension fund were $129,000, and benefits paid were $191,000. Compute Blossom's actual return on plan assets. Actual return on plan assets $
- For Windsor Corporation, year-end plan assets were $1,999,000. At the beginning of the year, plan assets were $1,773,000. During the year, contributions to the pension fund were $112,000, and benefits paid were $203,000.Compute Windsor’s actual return on plan assets.SagarPension plan assets were $900 million at the beginning of the year and $958 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $22 million and cash invested in the pension fund was $26 million. What was the percentage rate of return on plan assets?
- Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of $47 million (underfunded pension plan). Interest cost, $8; expected return on assets, $21; amortization of net loss, $6. Interest cost, $23; expected return on assets, $17; amortization of net gain, $6. Interest cost, $23; expected return on assets, $17; amortization of net loss, $6; amortization of prior service cost, $7 million. Required:Prepare the appropriate general journal entries to record Harrison’s pension expense in each of the above independent situations regarding the other (non-service cost) components of pension expense ($ in millions): (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)Harrison Forklift's pension expense includes a service cost of $12 million. Harrison began the year with a pension liability of $32 million (underfunded pension plan). 1. Interest cost, $8; expected return on assets, $6; amortization of net loss, $2. 2. Interest cost, $8; expected return on assets, $6; amortization of net gain, $2. 3. Interest cost, $8; expected return on assets, $6; amortization of net loss, $2; amortization of prior service cost, $3 million. Required: Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other (non-service cost) components of pension expense ($ in millions): (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet 1. Prepare the appropriate journal entry to record pension expense in situation 1 above. 2.…Harrison Forklift's pension expense Includes a service cost of $23 million. Harrison began the year with a pension liability of $43 million (underfunded pension plan). 1. Interest cost, $11; expected return on assets, $17; amortization of net loss, $5. 2. Interest cost, $19; expected return on assets, $14; amortization of net gain, $5. 3. Interest cost, $19; expected return on assets, $14; amortization of net loss, $5; amortization of prior service cost, $6 million. Required: Prepare the appropriate general Journal entries to record Harrison's pension expense in each of the above Independent situations regarding the other (non-service cost) components of pension expense ($ in millions): (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet < 2 3 1 Prepare the appropriate journal entry to record pension…
- Pension plan assets were $320 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $14 million and cash invested in the pension fund was $18 million. What was the amount of the pension plan assets at year-end? Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Pension plan assets millionPension plan assets were $120 million at the beginning of the year and $130 million at the end of the year. The return on plan assets was 5%. At the end of the year, cash invested in the pension fund was $8 million. What was the amount of the retiree benefits paid by the trustee?Pension plan assets were $340 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $15 million and cash invested in the pension fund was $19 million. What was the amount of the pension plan assets at year-end?