Starlight Corporation has the following information available concerning its postretirement benefit plan for 2023: ⚫ Service Cost: $45,000 Interest Cost: $52,000 Actual and Expected Return on Plan Assets: $30,500 Compute Starlight Corporation's 2023 Postretirement Expense.
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- Kingbird Corporation has the following information available concerning its postretirement benefit plan for 2020. Service cost Interest cost Actual and expected return on plan assets Postretirement expense 2020 $ $39,500 47,200 Compute Kingbird's 2020 postretirement expense. eTextbook and Media 26,200Manno Corporation has the following information available concerning its postretirement benefit plan for 2020. Service cost $40,000 Interest cost 47,400 Actual and expected return on plan assets 26,900 Compute Manno's 2020 postretirement expense.Happy Woolly Inc. provides the following information about its postretirement benefit plan for the year 2019. (In Euros) Service cost €90,000 Contribution to the plan €56,000 Actual return on plan assets €2,000 Benefits paid € 40,000 Plan assets at January 1, 2019 €710,000 Defined postretirement benefit obligation at January 1, 2019 €760,000 Accumulated OCI (Loss) at January 1, 2019 100 (Dr-Loss) Discount (interest) rate 9% Required: Compute the postretirement benefit expense for 2019 and give your explanation!
- Ivanhoe Corp. provides the following information about its post-retirement health-care benefit plan for the year 2020: Current service cost Contribution to the plan Actual return on plan assets Benefits paid Plan assets at January 1, 2020 Defined post-retirement benefit obligation at January 1, 2020 Discount rate (a) $204,500 Post-retirement benefit expense $ 47,750 141,950 91,000 1,597,600 1,823,100 11% Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020.(answer in text form please (without image), Note: .Every entry should have narration please)Crane Company provides the following information about its defined benefit pen plan for the year 2025. (a) Prepare a pension worksheet inserting January 1, 2025, balances, showing December 31. 2025. (Enter all amounts as positive.)
- Sunland Inc. provides the following information related to its post-retirement health-care benefits for the year 2020: Defined post–retirement benefit obligation at January 1, 2020 $114,000 Plan assets, January 1, 2020 45,800 Actual return on plan assets, 2020 4,000 Discount rate 11% Service cost, 2020 56,200 Plan funding during 2020 22,200 Payments from plan to retirees during 2020 6,200 Actuarial loss on defined post-retirement benefit obligation, 2020 (end of year) 26,300 Sunland Inc. follows IFRS. Calculate the post–retirement benefit expense for 2020. Post–retirement benefit expense 2020 $enter the Post–retirement benefit expense in dollars eTextbook and Media Calculate the post-retirement benefit remeasurement gain or loss—other comprehensive income (OCI) for 2020. Post-retirement benefit remeasurement select an option…The following information on a defined benefit plan is provided: FVPA, beg 2,800,000 PVDBO, beg 2,200,000 Current Service Cost 960,000 Past service cost (vesting for 5 years) 600,000 Benefits Paid 420,000 Return on Plan Assets 600,000 Contributions to the Plan 1,820,000 Increase due to Actuarial Assumptions 240,000 Expected Rate of Return 12% Discount Rate 10% The present value of economic benefits available in the form of refunds from the plan are 400,000 and 800,000, at the beginning and ending of the period. What amount of defined benefit…(Postretirement Benefit Expense Computation) Englehart Co. provides the following information about its postretirement benefit plan for the year 2017. Check the below image for information. InstructionsCompute the postretirement benefit expense for 2017
- correct answer pleasePresented below is information related to Blossom Retail Stores, Inc. pension plan for 2026: Service cost = $762,000 Funding contribution for 2026 = 612,000 Settlement rate used in actuarial computation = 10% Expected return on plan assets = 9% Actual return on plan assets for 2026 = 137,000 Amortization of PSC (due to benefit increase) = 112,000 Projected benefit obligation (at beginning of period) = 812,000 Fair value of plan assets (at beginning of period) = 762,000 OCI-Gain-osses (at beginning of period) = 86,200DR L Average service life of all covered employees = 25 years (a) compute the unexpected gain or loss for 2026, if any. (b) compute any necessary OCI Gains - losses amortization for 2026.Compute marigolds 2017 postretirement expense????