The trustee for the Bronson Corporation defined benefit pension plan sent a report to the CEO with the following information for the fiscal year:       Beginning balance of plan assets at fair value $ 1,560,000   Actual return on plan assets $ 210,000   Employer’s contribution $ 150,000   Distributions to retirees $ 75,000   Service cost $ 125,000   Interest cost $ 156,000   Loss from changes in benefits or assumptions $ 35,000   Beginning balance of the PBO $ 1,580,000       The ending balance of plan assets is:   Multiple Choice   $1,770,000.   $1,845,000.   $1,920,000.   $1,955,000.

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Q: None

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Q: etermine the pension expense to be reported in 2021.

A:

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Q: January 1, 2020   December 31, 2020 Projected benefit obligation   $1,499,000   $1,527,000…

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A:

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Q: 10,800   Actual and expected return on plan assets   65,300   Benefits paid   39,700   Plan assets…

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A:

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.