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Selected information of Ouyang Inc.: Financial Information 2013 ($) 2012 ($) Net income 19,282 17,263 Net periodic benefit cost 920 728 Pension information Benefit obligation Service cost 495 382 Ending balance 7,918 6,771 Plan assets Company contribution 293 277 Expected return on plan assets 2,738 2,482 Actuarial gain 182 273 Ending balance 8,231 7,827 Funded status 313 1,056 Unrecognized past service cost 109 89 Unrecognized actuarial loss (gain) 382 311 Net asset (liability) in the balance sheet 804 1,456 In 2013, the actual return on plan assets is: a) 2,738 million b) 2,920 million c) 182 million d) 804 million e) 495 million

Selected information of Ouyang Inc.: Financial Information 2013 ($) 2012 ($) Net income 19,282 17,263 Net periodic benefit cost 920 728 Pension information Benefit obligation Service cost 495 382 Ending balance 7,918 6,771 Plan assets Company contribution 293 277 Expected return on plan assets 2,738 2,482 Actuarial gain 182 273 Ending balance 8,231 7,827 Funded status 313 1,056 Unrecognized past service cost 109 89 Unrecognized actuarial loss (gain) 382 311 Net asset (liability) in the balance sheet 804 1,456 In 2013, the actual return on plan assets is: a) 2,738 million b) 2,920 million c) 182 million d) 804 million e) 495 million

FINANCIAL ACCOUNTING
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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Financial Accounting

Selected information of Ouyang Inc.: Financial Information 2013 ($) 2012 ($) Net income 19,282 17,263 Net periodic benefit cost 920 728 Pension information Benefit obligation Service cost 495 382 Ending balance 7,918 6,771 Plan assets Company contribution 293 277 Expected return on plan assets 2,738 2,482 Actuarial gain 182 273 Ending balance 8,231 7,827 Funded status 313 1,056 Unrecognized past service cost 109 89 Unrecognized actuarial loss (gain) 382 311 Net asset (liability) in the balance sheet 804 1,456 In 2013, the actual return on plan assets is: a) 2,738 million b) 2,920 million c) 182 million d) 804 million e) 495 million
Transcribed Image Text:Selected information of Ouyang Inc.: Financial Information 2013 ($) 2012 ($) Net income 19,282 17,263 Net periodic benefit cost 920 728 Pension information Benefit obligation Service cost 495 382 Ending balance 7,918 6,771 Plan assets Company contribution 293 277 Expected return on plan assets 2,738 2,482 Actuarial gain 182 273 Ending balance 8,231 7,827 Funded status 313 1,056 Unrecognized past service cost 109 89 Unrecognized actuarial loss (gain) 382 311 Net asset (liability) in the balance sheet 804 1,456 In 2013, the actual return on plan assets is: a) 2,738 million b) 2,920 million c) 182 million d) 804 million e) 495 million
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