Strum Corp. has maintained a defined benefit pension plan for its employees for a number of years. For Year 4, current service cost was $37.000 and interest on the projected benefit obligation was S18,000, Strum's retum on plan assets, actual and estimated, was $8,000. On December 31, Year 4, Strum Corp. contributed $30,000 to its pension plan. Strum's Year 4 pension expense was: O $63,000 O SA7,000 O 555,000 O $30,000
Strum Corp. has maintained a defined benefit pension plan for its employees for a number of years. For Year 4, current service cost was $37.000 and interest on the projected benefit obligation was S18,000, Strum's retum on plan assets, actual and estimated, was $8,000. On December 31, Year 4, Strum Corp. contributed $30,000 to its pension plan. Strum's Year 4 pension expense was: O $63,000 O SA7,000 O 555,000 O $30,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 6E
Related questions
Question
![485
00
19"
Strum Corp. has maintained a defined benefit pension plan for its employees for a number of years. For Year 4, current service
cost was $37,000 and interest on the projected benefit obligation was $18,000. Strum's return on plan assets, actual and
estimated, was $8,000. On December 31, Year 4, Strum Corp. contributed S30,000 to its pension plan.
Strum's Year 4 pension expense was:
O $63,000
O S47,000
O 55,000
O $30,000
hp
&
$
#3
4.
3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafba05c2-211b-4cc4-8276-7fcd049fb5e5%2F9e8294a3-4814-4c23-bc28-305ba99e8765%2Fsvcic8k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:485
00
19"
Strum Corp. has maintained a defined benefit pension plan for its employees for a number of years. For Year 4, current service
cost was $37,000 and interest on the projected benefit obligation was $18,000. Strum's return on plan assets, actual and
estimated, was $8,000. On December 31, Year 4, Strum Corp. contributed S30,000 to its pension plan.
Strum's Year 4 pension expense was:
O $63,000
O S47,000
O 55,000
O $30,000
hp
&
$
#3
4.
3
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