Oriole Company provides the following selected information related to its defined benefit pension plan for 2025. Pension asset/liability (January 1) $24,900 Cr. Accumulated benefit obligation (December 31) 402,300 Actual and expected return on plan assets 10,900 Contributions (funding) in 2025 151,500 Fair value of plan assets (December 31) 805,100 Settlement rate 10% Projected benefit obligation (January 1) 697,100 Service cost 80,510 (a1) × Your answer is incorrect. Compute pension expense. Pension expense for 2025 $ 149320
Oriole Company provides the following selected information related to its defined benefit pension plan for 2025. Pension asset/liability (January 1) $24,900 Cr. Accumulated benefit obligation (December 31) 402,300 Actual and expected return on plan assets 10,900 Contributions (funding) in 2025 151,500 Fair value of plan assets (December 31) 805,100 Settlement rate 10% Projected benefit obligation (January 1) 697,100 Service cost 80,510 (a1) × Your answer is incorrect. Compute pension expense. Pension expense for 2025 $ 149320
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Oriole Company provides the following selected information related to its defined benefit pension plan for 2025.
Pension asset/liability (January 1)
$24,900 Cr.
Accumulated benefit obligation (December 31)
402,300
Actual and expected return on plan assets
10,900
Contributions (funding) in 2025
151,500
Fair value of plan assets (December 31)
805,100
Settlement rate
10%
Projected benefit obligation (January 1)
697,100
Service cost
80,510
(a1)
× Your answer is incorrect.
Compute pension expense.
Pension expense for 2025 $
149320](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1623ef9f-7c32-4d61-ac3e-d7fdbc019197%2Ff3b97bf0-4d65-4678-b7f0-e31fa49c69bb%2Ffvzb86h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Oriole Company provides the following selected information related to its defined benefit pension plan for 2025.
Pension asset/liability (January 1)
$24,900 Cr.
Accumulated benefit obligation (December 31)
402,300
Actual and expected return on plan assets
10,900
Contributions (funding) in 2025
151,500
Fair value of plan assets (December 31)
805,100
Settlement rate
10%
Projected benefit obligation (January 1)
697,100
Service cost
80,510
(a1)
× Your answer is incorrect.
Compute pension expense.
Pension expense for 2025 $
149320
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