The following information is related to the pension plan of Oriole, Inc. for 2021. Actual return on plan assets Amortization of net gain $310,000 120,000 Amortization of prior service cost due to increase in benefits 210,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2021 is: a. $1,905,000. b. $1,629,000 c. $1,836,000 d. $1,596,000 379,000 635,000 1,250,000

The following information is related to the pension plan of Oriole, Inc. for 2021. Actual return on plan assets Amortization of net gain $310,000 120,000 Amortization of prior service cost due to increase in benefits 210,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2021 is: a. $1,905,000. b. $1,629,000 c. $1,836,000 d. $1,596,000 379,000 635,000 1,250,000

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 6MC

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Similar questions

In 2019, Magenta Corporation paid compensation of 45,300 to the participants in a profit sharing plan. During 2019, Magenta Corporation contributed 13,200 to the plan. a. Calculate Magentas deductible amount for 2019. b. Calculate the amount of any contribution carryover from 2019.
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The following information is related to the defined-benefit pension plan of a company for 2021. Amortization of OCI-gain $87,700 Amortization of OCI-prior service cost 151,000Contributions to the plan 235,000Interest on projected benefit obligation 363,000Service cost 550,890Expected return on plan assets 258,000Actual return on plan assets is the sameas expected return 258,000Benefits distributed 148,000 Pension expense for 2021 is $__________.
The following information is related to the defined benefit pension plan of a company for 2021. Amortization of prior service cost $176,000 Contributions to the plan 123,000 Expected return on plan assets 279,000 Interest on projected benefit obligation 327,000 Service cost 634,000 Actual return on plan assets 248,000 Amortization of net (or OCI) gain 85,700Pension expense for 2021 is $__________.
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The following information is available for the pension plan of Carla Vista Company for the year 2025. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2025 Service cost (a) Compute pension expense for the Pension expense for 2025 $ year 2025. $14,900 42,000 83,300 9% 7,700 511,000 55,100
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