The actual return on plan assets in 2026 was O $624000. $424000. $334000. $534000.
The actual return on plan assets in 2026 was O $624000. $424000. $334000. $534000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![* Your answer is incorrect.
The following data are for the pension plan for the employees of Cullumber Company.
Accumulated benefit obligation
Projected benefit obligation
Plan assets (at fair value)
AOCL - net loss
Settlement rate (for year)
Expected rate of return (for year)
1/1/25
$5034000
O $624000.
$424000.
• $334000.
$534000.
5434000
4634000
0
12/31/25
$5234000
5658000
6034000
994000
9%
7%
12/31/26
$6834000
7434000
6658000
1034000
8%
6%
Cullumber's contribution was $874000 in 2026 and benefits paid were $784000. Cullumber estimates that the average
remaining service life is 15 years.
The actual return on plan assets in 2026 was](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F517d1ae6-7e08-4245-902a-e5604bf405c0%2Fdba40bf7-3ea7-4a10-9d3f-859d00898632%2Frnyf7zj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:* Your answer is incorrect.
The following data are for the pension plan for the employees of Cullumber Company.
Accumulated benefit obligation
Projected benefit obligation
Plan assets (at fair value)
AOCL - net loss
Settlement rate (for year)
Expected rate of return (for year)
1/1/25
$5034000
O $624000.
$424000.
• $334000.
$534000.
5434000
4634000
0
12/31/25
$5234000
5658000
6034000
994000
9%
7%
12/31/26
$6834000
7434000
6658000
1034000
8%
6%
Cullumber's contribution was $874000 in 2026 and benefits paid were $784000. Cullumber estimates that the average
remaining service life is 15 years.
The actual return on plan assets in 2026 was
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