The following data are for the pension plan for the employees of Carla Vista Company.Accumulated benefit obligationProjected benefit obligationPlan assets (at fair value)AOCL - net lossSettlement rate (for year)Expected rate of return (for year)1/1/20$5200000$540000.$344000.$410000.$444000.54300004610000The actual return on plan assets in 2021 was12/31/20$ 53000005710000622000095600011%9%12/31/21$68300007650000676000011200009%Carla Vista's contribution was $860000 in 2021 and benefits paid were $764000. Carla Vista estimates thatthe average remaining service life is 15 years.8%

The actual return on plan assets refers to the performance of plan assets in a pension plan. It is…

The following data are for the pension plan for the employees of Carla Vista 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) 1/1/20 O $540000. O $344000. $410000. O $444000. $5200000 5430000 4610000 0 12/31/20 $5300000 5710000 6220000 956000 11% 9% 12/31/21 $6830000 7650000 6760000 1120000 9% 8% Carla Vista's contribution was $860000 in 2021 and benefits paid were $764000. Carla Vista estimates that the average remaining service life is 15 years. The actual return on plan assets in 2021 was

The following data are for the pension plan for the employees of Carla Vista 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) 1/1/20 O $540000. O $344000. $410000. O $444000. $5200000 5430000 4610000 0 12/31/20 $5300000 5710000 6220000 956000 11% 9% 12/31/21 $6830000 7650000 6760000 1120000 9% 8% Carla Vista's contribution was $860000 in 2021 and benefits paid were $764000. Carla Vista estimates that the average remaining service life is 15 years. The actual return on plan assets in 2021 was

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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The following information is for the pension plan for the employees of Carla Vista, Inc. 12/31/25 12/31/26 Accumulated benefit obligation $2,780,000 $3,740,000 Projected benefit obligation 3,080,000 3,980,000 Fair value of plan assets 3,180,000 3,610,000 AOCI - Net (gain) or loss (405,060) (460,000) Settlement rate 7% 7% Expected rate of return 6% 5% Carla Vista estimates that the average remaining service life is 15 years. Carla Vista's contribution was $504,000 in 2026 and the benefits paid were $250,000. (a) * Your answer is incorrect. Calculate the interest cost for 2026. Interest cost for 2026 17,000
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